Tate & Lyle (LON:TATE) Shares Pass Below 200-Day Moving Average - Here's Why

Tate & Lyle plc (LON:TATE - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 575.26 ($7.91) and traded as low as GBX 508.50 ($6.99). Tate & Lyle shares last traded at GBX 520.96 ($7.16), with a volume of 953,284 shares traded.

Tate & Lyle Price Performance

The company has a debt-to-equity ratio of 47.66, a quick ratio of 1.77 and a current ratio of 3.22. The company has a market cap of £2.37 billion, a P/E ratio of 11.33, a P/E/G ratio of 1.37 and a beta of 0.50. The stock has a 50-day simple moving average of GBX 553.56 and a 200 day simple moving average of GBX 574.89.

Tate & Lyle (LON:TATE - Get Free Report) last issued its earnings results on Thursday, May 22nd. The company reported GBX 50.30 ($0.69) earnings per share (EPS) for the quarter. Tate & Lyle had a net margin of 11.41% and a return on equity of 15.37%. On average, equities analysts expect that Tate & Lyle plc will post 51.3392857 EPS for the current year.

Insider Buying and Selling

In other news, insider Sarah Kuijlaars acquired 15,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were purchased at an average cost of GBX 562 ($7.72) per share, with a total value of £84,300 ($115,844.44). Also, insider Nick Hampton bought 3,321 shares of Tate & Lyle stock in a transaction dated Thursday, May 22nd. The shares were bought at an average cost of GBX 542 ($7.45) per share, for a total transaction of £17,999.82 ($24,735.22). Company insiders own 2.22% of the company's stock.

Tate & Lyle Company Profile

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through three segments: Food & Beverage Solutions, Sucralose, and Primary Products.