Tate & Lyle (OTCMKTS:TATYY) Shares Gap Up – Should You Buy?

Tate & Lyle PLC (OTCMKTS:TATYY) shares gapped up prior to trading on Thursday . The stock had previously closed at $19.23, but opened at $19.75. Tate & Lyle shares last traded at $19.75, with a volume of 891 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TATYY shares. Barclays downgraded shares of Tate & Lyle from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Morgan Stanley cut Tate & Lyle to an “underweight” rating in a research report on Monday, September 22nd. Finally, The Goldman Sachs Group raised shares of Tate & Lyle to a “hold” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Tate & Lyle presently has an average rating of “Hold”.

Tate & Lyle Price Performance

The company has a current ratio of 2.16, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average price is $20.08 and its 200-day moving average price is $25.78.

About Tate & Lyle

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.