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

Key Points

• Tate & Lyle shares gapped down from a closing price of $28.31 to an opening price of $27.51, reflecting a potential sell signal.
• UBS Group upgraded Tate & Lyle's rating to "hold" while maintaining a consensus rating of "Buy" among analysts.
• The company has strong liquidity ratios, with a current ratio of 2.16 and a debt-to-equity ratio of 0.72, indicating good financial health.

Shares of Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $28.31, but opened at $27.51. Tate & Lyle shares last traded at $28.10, with a volume of 2,941 shares.

Analysts Set New Price Targets

Separately, UBS Group upgraded Tate & Lyle to a "hold" rating in a research report on Tuesday, June 24th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Tate & Lyle presently has a consensus rating of "Buy".

Tate & Lyle Stock Performance

The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The business's fifty day moving average price is $28.88 and its two-hundred day moving average price is $28.97.

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.