Tate & Lyle (OTCMKTS:TATYY) Shares Gap Up - Time to Buy?

Key Points

• Shares gapped up before the market opened, opening at $19.18 versus the prior close of $18.04 and last trading at $19.16 — a 6.2% rise on light volume (1,320 shares).
• Despite the pop, the stock remains below its 50-day ($20.20) and 200-day ($20.71) moving averages, suggesting it still faces short- and long-term technical resistance.
• Tate & Lyle is a global food-and-beverage ingredients supplier (sweeteners, soluble/insoluble fibers, specialty starches) with moderate leverage (debt-to-equity 0.73) and healthy liquidity (quick ratio 1.24, current ratio 2.19).

Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $18.04, but opened at $19.18. Tate & Lyle shares last traded at $19.16, with a volume of 1,320 shares traded.

Tate & Lyle Stock Up 6.2%

The company's 50-day moving average price is $20.20 and its two-hundred day moving average price is $20.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.24 and a current ratio of 2.19.

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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