Tate & Lyle (OTCMKTS:TATYY) Sees Large Volume Increase - Still a Buy?

Key Points

• Tate & Lyle PLC saw a decrease in trading volume with approximately 4,280 shares traded, down 6% from the previous day's 4,547 shares.
• Analysts have mixed ratings for Tate & Lyle, with Barclays downgrading the stock to a hold, UBS raising it to a hold, and Morgan Stanley assigning an underweight rating.
• The stock is currently trading at $20.37, compared to a fifty-day moving average of $26.06 and a 200-day moving average of $28.24.

Shares of Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 4,280 shares traded hands during trading, a decline of 6% from the previous session's volume of 4,547 shares.The stock last traded at $20.37 and had previously closed at $20.54.

Wall Street Analyst Weigh In

Several research firms recently commented on TATYY. Barclays cut shares of Tate & Lyle from a "strong-buy" rating to a "hold" rating in a report on Friday, October 3rd. UBS Group raised shares of Tate & Lyle to a "hold" rating in a research report on Tuesday, June 24th. Finally, Morgan Stanley lowered shares of Tate & Lyle to an "underweight" rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold".

Tate & Lyle Price Performance

The stock has a fifty day simple moving average of $26.06 and a 200-day simple moving average of $28.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 2.16.

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.

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