Tate & Lyle (LON:TATE) Share Price Passes Below 200 Day Moving Average – Here’s Why

Tate & Lyle plc (LON:TATE)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 371.51 and traded as low as GBX 348. Tate & Lyle shares last traded at GBX 355.20, with a volume of 1,654,849 shares traded.

Tate & Lyle Stock Down 0.3%

The business’s fifty day moving average price is GBX 360.69 and its 200 day moving average price is GBX 371.51. The company has a market capitalization of £1.56 billion, a P/E ratio of 63.21, a P/E/G ratio of 1.37 and a beta of 0.29. The company has a current ratio of 2.19, a quick ratio of 1.77 and a debt-to-equity ratio of 83.31.

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.