Tate & Lyle (LON:TATE) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Tate & Lyle plc (LON:TATE - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 683.57 ($8.49) and traded as low as GBX 652.50 ($8.11). Tate & Lyle shares last traded at GBX 655.40 ($8.14), with a volume of 1,996,690 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Tate & Lyle from GBX 850 ($10.56) to GBX 950 ($11.80) and gave the stock a "buy" rating in a research note on Wednesday, December 11th.

Tate & Lyle Stock Down 0.4 %

The company has a market capitalization of £2.49 billion, a price-to-earnings ratio of 1,489.54, a P/E/G ratio of 1.37 and a beta of 0.50. The business has a fifty day simple moving average of GBX 718.66 and a two-hundred day simple moving average of GBX 683.57. The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.62.

Tate & Lyle Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, January 6th. Shareholders of record on Thursday, November 21st will be given a GBX 6.40 ($0.08) dividend. This represents a yield of 0.83%. The ex-dividend date is Thursday, November 21st. Tate & Lyle's dividend payout ratio (DPR) is 4,318.18%.

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.