Tate & Lyle (OTCMKTS:TATYY) Shares Gap Down - What's Next?

Key Points

• Tate & Lyle PLC shares experienced a significant drop, opening at $25.85 after closing at $27.61, with a last traded price of $25.70.
• Analysts have mixed ratings on the stock, with two Strong Buy ratings, two Hold ratings, and one Sell rating, resulting in a consensus rate of "Moderate Buy."
• The company's financial metrics include a debt-to-equity ratio of 0.72, indicating manageable debt levels, alongside current and quick ratios of 2.16 and 1.21, respectively.

Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $27.61, but opened at $25.85. Tate & Lyle shares last traded at $25.70, with a volume of 563 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group raised shares of Tate & Lyle to a "hold" rating in a research report on Tuesday, June 24th. Morgan Stanley lowered shares of Tate & Lyle to an "underweight" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Tate & Lyle Stock Performance

The company has a debt-to-equity ratio of 0.72, a current ratio of 2.16 and a quick ratio of 1.21. The firm's 50 day moving average price is $28.88 and its 200-day moving average price is $28.98.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.