Tate & Lyle (OTCMKTS:TATYY) Shares Cross Below 50 Day Moving Average – Here’s Why

Shares of Tate & Lyle plc (OTCMKTS:TATYY) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $29.57 and traded as low as $27.31. Tate & Lyle shares last traded at $27.31, with a volume of 333 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut Tate & Lyle from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th.

Tate & Lyle Stock Up 1.1 %

The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.46 and a current ratio of 3.38. The firm’s 50 day simple moving average is $29.57 and its 200 day simple moving average is $34.02.

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.