Tate & Lyle (LON:TATE) Shares Cross Below 200 Day Moving Average – Here’s Why

Tate & Lyle plc (LON:TATE)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 377.54 and traded as low as GBX 347.20. Tate & Lyle shares last traded at GBX 348.20, with a volume of 586,760 shares changing hands.

Tate & Lyle Stock Performance

The company has a debt-to-equity ratio of 83.31, a current ratio of 2.19 and a quick ratio of 1.77. The stock has a market cap of £1.57 billion, a price-to-earnings ratio of 63.57, a P/E/G ratio of 1.37 and a beta of 0.29. The stock’s 50-day moving average is GBX 369.36 and its 200 day moving average is GBX 377.54.

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.