Tate & Lyle (OTCMKTS:TATYY) Shares Gap Down - Should You Sell?

Key Points

• Tate & Lyle shares gapped down significantly, opening at $21.85 after closing at $24.68, marking a potential 12.4% decline.
• Analyst ratings for the stock are mixed, with UBS upgrading it to a "hold" and Morgan Stanley downgrading it to "underweight," leading to an average rating of "Moderate Buy".
• The stock's current financial ratios indicate a solid position, with a current ratio of 2.16 and a debt-to-equity ratio of 0.72.

Shares of Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $24.68, but opened at $21.85. Tate & Lyle shares last traded at $21.65, with a volume of 371 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group upgraded shares of Tate & Lyle to a "hold" rating in a research report on Tuesday, June 24th. Morgan Stanley lowered Tate & Lyle to an "underweight" rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Tate & Lyle Stock Down 12.4%

The stock has a fifty day moving average of $28.38 and a 200-day moving average of $28.87. The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

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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