Tate & Lyle (OTCMKTS:TATYY) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Tate & Lyle (OTCMKTS:TATYY) from a sell rating to a hold rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Tate & Lyle Ventures and Agri Investment Fund have co-led a 3.5m investment into Fugeia, a newly formed functional food technology business with a focus on gut health. “

OTCMKTS:TATYY opened at $34.90 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. Tate & Lyle has a 12-month low of $33.68 and a 12-month high of $41.20. The stock has a 50-day moving average price of $35.59 and a 200 day moving average price of $37.31. The stock has a market capitalization of $4.09 billion, a P/E ratio of 12.78, a P/E/G ratio of 7.64 and a beta of 0.52.

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.

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