Tate & Lyle (OTCMKTS:TATYY) Reaches New 12-Month Low – Here’s What Happened

Tate & Lyle plc (OTCMKTS:TATYY)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $27.14 and last traded at $27.14, with a volume of 323 shares traded. The stock had previously closed at $27.66.

Analysts Set New Price Targets

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

Tate & Lyle Stock Down 1.9 %

The company has a 50 day moving average of $31.57 and a 200 day moving average of $35.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.38 and a quick ratio of 2.46.

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.