Tate & Lyle (OTCMKTS:TATYY) Shares Gap Down - Here's What Happened

Key Points

• Tate & Lyle shares gapped down on Friday, opening at $17.81 versus a prior close of $18.6450 and trading on light volume (310 shares), remaining below the 50‑day ($20.49) and 200‑day ($21.31) moving averages.
• Analyst sentiment is an average Hold after Goldman Sachs upgraded the stock to a "hold" on Nov. 20; the consensus breakdown is 1 Strong Buy, 3 Hold and 1 Sell.
• The company, a global supplier of food and beverage ingredients, shows moderate liquidity and leverage with a quick ratio of 1.24, current ratio of 2.19 and debt‑to‑equity of 0.73.

Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $18.6450, but opened at $17.81. Tate & Lyle shares last traded at $17.81, with a volume of 310 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Tate & Lyle to a "hold" rating in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold".

Tate & Lyle Stock Performance

The company has a quick ratio of 1.24, a current ratio of 2.19 and a debt-to-equity ratio of 0.73. The company's 50 day simple moving average is $20.49 and its 200 day simple moving average is $21.31.

About Tate & Lyle

Tate & Lyle OTCMKTS: TATYY is a global provider of food and beverage ingredients, specializing in sweeteners, texturants and stabilizers. The company develops and supplies a diverse portfolio of products designed to enhance taste, texture and nutritional value for food and beverage manufacturers. Key offerings include high-intensity sweeteners, soluble and insoluble fibers, specialty starches and acidulants.

Operating through two main business units—Food & Beverage Solutions and Primary Products—Tate & Lyle serves a wide range of end markets.

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