Tate & Lyle (OTCMKTS:TATYY) Reaches New 52-Week Low - What's Next?

Key Points

• Tate & Lyle PLC shares recently hit a new 52-week low, trading at $24.32 during the day and closing slightly higher at $24.77.
• Analysts have given mixed reviews on the stock, with Morgan Stanley downgrading it to "underweight" while UBS Group upgraded it to a "hold," resulting in an average rating of "Moderate Buy."
• The company has a current ratio of 2.16 and a debt-to-equity ratio of 0.72, indicating a relatively strong liquidity position despite the recent stock price decline.

Shares of Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $24.32 and last traded at $24.77, with a volume of 532 shares traded. The stock had previously closed at $24.95.

Analysts Set New Price Targets

TATYY has been the topic of several recent research reports. Morgan Stanley lowered shares of Tate & Lyle to an "underweight" rating in a research note on Monday. UBS Group upgraded Tate & Lyle to a "hold" rating in a report on Tuesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Tate & Lyle presently has an average rating of "Moderate Buy".

Tate & Lyle Trading Down 0.7%

The company's 50-day moving average is $28.62 and its 200-day moving average is $28.91. The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

About Tate & Lyle

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.

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