Tate & Lyle (OTCMKTS:TATYY) Sets New 1-Year Low - Time to Sell?

Key Points

• Tate & Lyle PLC's shares have hit a new 52-week low of $19.71, down from a previous close of $20.01.
• Recent analyst ratings include a downgrade to "underweight" by Morgan Stanley and a downgrade from "strong-buy" to "hold" by Barclays, while UBS Group raised it to "hold".
• The company has a consensus rating of "Hold" based on multiple analysts, with one Strong Buy, three Holds, and one Sell rating assigned.

Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $19.71 and last traded at $19.83, with a volume of 3481 shares. The stock had previously closed at $20.01.

Analyst Upgrades and Downgrades

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

Tate & Lyle Price Performance

The stock has a 50-day moving average of $27.47 and a two-hundred day moving average of $28.62. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.16 and a quick ratio of 1.21.

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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