Tate & Lyle (LON:TATE) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Tate & Lyle plc (LON:TATE) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 395.20 and traded as low as GBX 350.80. Tate & Lyle shares last traded at GBX 356.20, with a volume of 2,084,310 shares trading hands.

Tate & Lyle Trading Down 0.3%

The company has a market capitalization of £1.57 billion, a PE ratio of 63.61, a PEG ratio of 1.37 and a beta of 0.29. The stock has a fifty day moving average of GBX 376.88 and a 200 day moving average of GBX 395.20. The company has a debt-to-equity ratio of 83.31, a quick ratio of 1.77 and a current ratio of 2.19.

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. The company offers dairy products, soups, sauces, and dressings; bakery products and snacks; texturants; nutritive sweeteners, such as high fructose corn syrup and dextrose; fibres; and stabilizers and functional systems.