Tate & Lyle (OTCMKTS:TATYY) Shares Gap Down – Should You Sell?

Tate & Lyle PLC (OTCMKTS:TATYY) gapped down before the market opened on Friday . The stock had previously closed at $22.31, but opened at $20.4050. Tate & Lyle shares last traded at $20.4050, with a volume of 400 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Tate & Lyle to a “hold” rating in a research report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Tate & Lyle Stock Performance

The business has a 50-day moving average price of $20.80 and a 200-day moving average price of $22.28. The company has a current ratio of 2.19, a quick ratio of 1.24 and a debt-to-equity ratio of 0.73.

Tate & Lyle Company Profile

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.