Tate & Lyle (OTCMKTS:TATYY) Sees Unusually-High Trading Volume - Here's What Happened

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.

Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 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.

Analysts Set New Price Targets

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

Tate & Lyle Price 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 company has a 50-day moving average of $29.37 and a 200-day moving average of $29.29.

Tate & Lyle Increases Dividend

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

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