Tate & Lyle (LON:TATE) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Tate & Lyle plc (LON:TATE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 653.30 ($8.55) and traded as high as GBX 696 ($9.11). Tate & Lyle shares last traded at GBX 690 ($9.03), with a volume of 557,685 shares traded.

Tate & Lyle Price Performance

The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.62. The firm has a market capitalization of £2.62 billion, a price-to-earnings ratio of 1,568.18, a P/E/G ratio of 1.37 and a beta of 0.50. The stock’s 50 day moving average price is GBX 667.72 and its two-hundred day moving average price is GBX 653.30.

Insiders Place Their Bets

In other Tate & Lyle news, insider David Hearn purchased 15,500 shares of the stock in a transaction dated Wednesday, August 21st. The shares were bought at an average cost of GBX 655 ($8.57) per share, with a total value of £101,525 ($132,868.73). In related news, insider Jeffrey Carr bought 10,000 shares of Tate & Lyle stock in a transaction that occurred on Wednesday, July 17th. The stock was acquired at an average price of GBX 624 ($8.17) per share, for a total transaction of £62,400 ($81,664.70). Also, insider David Hearn bought 15,500 shares of Tate & Lyle stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average price of GBX 655 ($8.57) per share, with a total value of £101,525 ($132,868.73). Company insiders own 2.22% of the company’s stock.

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.