Tate & Lyle (OTCMKTS:TATYY) Shares Climb 1% – Should You Buy?

Shares of Tate & Lyle PLC (OTCMKTS:TATYY) rose 1% during trading on Thursday. The stock traded as high as $30.1440 and last traded at $30.1440. 300 shares were traded during trading, an increase of 564% from the average session volume of 45 shares. The stock had previously closed at $29.8520.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered shares of Tate & Lyle from a “buy” rating to a “hold” rating in a research note on Friday, June 26th. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Tate & Lyle Stock Up 1.0%

The company has a 50 day moving average of $30.01 and a 200-day moving average of $27.72. The company has a quick ratio of 1.55, a current ratio of 2.71 and a debt-to-equity ratio of 0.80.

Tate & Lyle Company Profile

Tate & Lyle PLC is a global provider of food and beverage ingredients and solutions. The company works with food and drink manufacturers to develop products that improve taste, texture, nutrition and stability while helping address consumer demand for lower-sugar and better-for-you foods.

Its portfolio includes sweeteners, fibers, starches, texturants, stabilizers and other specialty ingredients. Tate & Lyle’s solutions are used in categories such as beverages, dairy products, bakery goods, desserts, soups, sauces and prepared foods.