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Tate & Lyle (OTCMKTS:TATYY) Cut to Hold at Berenberg Bank

Tate & Lyle logo with Consumer Staples background
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Berenberg Bank lowered shares of Tate & Lyle (OTCMKTS:TATYY - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Tate & Lyle Stock Up 1.2 %

OTCMKTS:TATYY traded up $0.34 on Wednesday, hitting $28.95. The company had a trading volume of 178 shares, compared to its average volume of 3,736. Tate & Lyle has a 52 week low of $27.43 and a 52 week high of $44.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.38 and a quick ratio of 2.46. The firm has a 50 day moving average of $32.10 and a two-hundred day moving average of $35.24.

Tate & Lyle Company Profile

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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.

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