Tate & Lyle (OTCMKTS:TATYY) Sets New 1-Year Low – Here’s What Happened

Tate & Lyle plc (OTCMKTS:TATYY)’s share price reached a new 52-week low on Friday . The stock traded as low as $25.19 and last traded at $25.19, with a volume of 2593 shares changing hands. The stock had previously closed at $27.35.

Analysts Set New Price Targets

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

Tate & Lyle Stock Down 7.9 %

The company has a current ratio of 3.38, a quick ratio of 2.46 and a debt-to-equity ratio of 0.45. The business’s 50-day simple moving average is $28.98 and its 200-day simple moving average is $33.70.

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.