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

Key Points

• Tate & Lyle experienced a significant increase in trading volume, with approximately 27,057 shares traded, marking a 633% rise from the previous session.
• Several analysts have upgraded Tate & Lyle's stock rating, with UBS Group moving to a "hold," while Barclays and Citigroup both upgraded it to a "strong-buy" rating.
• The company declared a dividend of $0.6696 per share, representing a notable increase from the previous dividend of $0.33 and a 319.0% dividend yield.

Shares of Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) saw an uptick in trading volume on Wednesday . 27,057 shares changed hands during trading, an increase of 633% from the previous session's volume of 3,693 shares.The stock last traded at $29.20 and had previously closed at $29.41.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TATYY shares. Barclays raised Tate & Lyle from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. UBS Group upgraded Tate & Lyle to a "hold" rating in a research report on Tuesday, June 24th. Finally, Citigroup upgraded shares of Tate & Lyle from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 16th.

Tate & Lyle Trading Down 1.4%

The company has a quick ratio of 1.21, a current ratio of 2.16 and a debt-to-equity ratio of 0.72. The business's 50 day simple moving average is $29.25 and its 200-day simple moving average is $29.15.

Tate & Lyle Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, August 6th. Investors of record on Monday, June 23rd were issued a dividend of $0.6696 per share. This is an increase from Tate & Lyle's previous dividend of $0.33. This represents a yield of 319.0%. The ex-dividend date was Friday, June 20th.

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.