Tate & Lyle (OTCMKTS:TATYY) Trading Down 0.1% – Should You Sell?

Tate & Lyle PLC (OTCMKTS:TATYY)’s share price traded down 0.1% on Friday . The company traded as low as $29.68 and last traded at $29.68. Approximately 161 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 1,094 shares. The stock had previously closed at $29.72.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TATYY. BNP Paribas Exane downgraded shares of Tate & Lyle to a “neutral” rating in a research note on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft downgraded shares of Tate & Lyle from a “buy” rating to a “hold” rating in a report on Friday, June 26th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Tate & Lyle Trading Down 0.1%

The company has a 50 day moving average of $27.48 and a 200 day moving average of $22.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.71 and a quick ratio of 1.55.

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.