Tate & Lyle (LON:TATE) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Tate & Lyle plc (LON:TATE - Get Free Report) shares 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 ($7.85) and traded as low as GBX 508.50 ($6.94). Tate & Lyle shares last traded at GBX 520.96 ($7.11), with a volume of 953,284 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 800 ($10.92) price objective on shares of Tate & Lyle in a research note on Thursday.

Tate & Lyle Stock Down 0.5%

The stock has a market capitalization of £2.39 billion, a P/E ratio of 11.44, a PEG ratio of 1.37 and a beta of 0.50. The company has a debt-to-equity ratio of 47.66, a current ratio of 3.22 and a quick ratio of 1.77. The stock's fifty day moving average is GBX 553.56 and its two-hundred day moving average is GBX 572.65.

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 for the quarter. Tate & Lyle had a net margin of 11.41% and a return on equity of 15.37%. As a group, research analysts predict that Tate & Lyle plc will post 51.3392857 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Sarah Kuijlaars acquired 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was purchased at an average price of GBX 562 ($7.67) per share, with a total value of £84,300 ($115,022.51). Also, insider Nick Hampton bought 3,321 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of GBX 542 ($7.40) per share, with a total value of £17,999.82 ($24,559.72). 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.