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

Tate & Lyle PLC (OTCMKTS:TATYY) gapped up before the market opened on Friday . The stock had previously closed at $18.60, but opened at $19.53. Tate & Lyle shares last traded at $19.53, with a volume of 425 shares traded.

Tate & Lyle Stock Up 4.7%

The company has a current ratio of 2.19, a quick ratio of 1.24 and a debt-to-equity ratio of 0.73. The business’s fifty day moving average price is $19.90 and its 200-day moving average price is $20.23.

About Tate & Lyle

Tate & Lyle (OTCMKTS:TATYY) is a global provider of food and beverage ingredients, specializing in sweeteners, texturants and stabilizers. The company develops and supplies a diverse portfolio of products designed to enhance taste, texture and nutritional value for food and beverage manufacturers. Key offerings include high-intensity sweeteners, soluble and insoluble fibers, specialty starches and acidulants.

Operating through two main business units—Food & Beverage Solutions and Primary Products—Tate & Lyle serves a wide range of end markets.