Tate & Lyle (OTCMKTS:TATYY) Sees Strong Trading Volume - What's Next?

Key Points

• Tate & Lyle PLC saw a significant increase in trading volume, rising by 79% to approximately 7,966 shares traded on Friday.
• Wall Street analysts have mixed opinions on the stock, with ratings including one Strong Buy, three Holds, and one Sell, leading to an average rating of "Hold."
• The company's debt-to-equity ratio is 0.72, with a quick ratio of 1.21 and a current ratio of 2.16, indicating stable financial health.

Shares of Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 7,966 shares changed hands during trading, an increase of 79% from the previous session's volume of 4,442 shares.The stock last traded at $20.24 and had previously closed at $20.13.

Wall Street Analysts Forecast Growth

TATYY has been the topic of several recent analyst reports. Morgan Stanley cut Tate & Lyle to an "underweight" rating in a research report on Monday, September 22nd. Barclays cut Tate & Lyle from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 3rd. Finally, UBS Group raised Tate & Lyle to a "hold" rating in a research report on Tuesday, June 24th. One investment 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 MarketBeat, Tate & Lyle presently has an average rating of "Hold".

Tate & Lyle Stock Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 2.16. The stock has a 50-day moving average price of $27.10 and a two-hundred day moving average price of $28.50.

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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