Tate & Lyle (OTCMKTS:TATYY) Trading Up 5.8% - What's Next?

Key Points

• Tate & Lyle surged 5.8% to $19.06 in mid-day trading on Friday, but the move came on light volume (902 shares, about 65% below average) and the stock remains below its 50-day ($20.60) and 200-day ($21.69) moving averages.
• Analyst sentiment is muted after Goldman Sachs raised its rating to a Hold; MarketBeat shows a consensus of Hold (1 Strong Buy, 3 Hold, 1 Sell).
• On fundamentals, the company has moderate leverage and decent liquidity with a debt-to-equity of 0.73, a quick ratio of 1.24 and a current ratio of 2.19.

Tate & Lyle PLC (OTCMKTS:TATYY - Get Free Report) shot up 5.8% during mid-day trading on Friday . The stock traded as high as $19.06 and last traded at $19.06. 902 shares were traded during mid-day trading, a decline of 65% from the average session volume of 2,546 shares. The stock had previously closed at $18.02.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Tate & Lyle to a "hold" rating in a report 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

Tate & Lyle Price Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.24 and a current ratio of 2.19. The company has a 50-day moving average of $20.60 and a 200-day moving average of $21.69.

Tate & Lyle Company Profile

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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