Tate & Lyle (LON:TATE) Reaches New 1-Year High - Here's Why

Tate & Lyle plc (LON:TATE - Get Free Report)'s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 750 ($9.79) and last traded at GBX 727 ($9.49), with a volume of 852021 shares trading hands. The stock had previously closed at GBX 708 ($9.25).

Tate & Lyle Stock Performance

The stock's fifty day simple moving average is GBX 670.31 and its 200 day simple moving average is GBX 655.17. The company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.62. The company has a market cap of £2.83 billion, a price-to-earnings ratio of 1,647.73, a P/E/G ratio of 1.37 and a beta of 0.50.

Insiders Place Their Bets

In other news, insider Jeffrey Carr purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was acquired at an average cost of GBX 624 ($8.15) per share, with a total value of £62,400 ($81,483.42). In other Tate & Lyle news, insider David Hearn purchased 15,500 shares of the stock in a transaction on Wednesday, August 21st. The shares were purchased at an average price of GBX 655 ($8.55) per share, with a total value of £101,525 ($132,573.78). Also, insider Jeffrey Carr bought 10,000 shares of the business's stock in a transaction on Wednesday, July 17th. The shares were acquired at an average price of GBX 624 ($8.15) per share, for a total transaction of £62,400 ($81,483.42). 2.22% of the stock is currently owned by company insiders.

About Tate & Lyle

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.