Tate & Lyle (OTCMKTS:TATYY) Downgraded by Zacks Investment Research to “Sell”

Tate & Lyle (OTCMKTS:TATYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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. “

Separately, Jefferies Financial Group lowered Tate & Lyle from a “hold” rating to an “underperform” rating in a research report on Monday, June 3rd.

TATYY traded up $0.46 during trading on Tuesday, hitting $35.70. 1,262 shares of the stock were exchanged, compared to its average volume of 2,116. Tate & Lyle has a 1-year low of $32.49 and a 1-year high of $41.20. The company’s fifty day simple moving average is $37.67. The company has a quick ratio of 0.97, a current ratio of 1.61 and a debt-to-equity ratio of 0.25.

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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