Tate & Lyle (LON:TATE) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Tate & Lyle plc (LON:TATE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 668.35 ($8.67) and traded as high as GBX 754 ($9.78). Tate & Lyle shares last traded at GBX 750 ($9.73), with a volume of 1,153,523 shares trading hands.

Tate & Lyle Stock Up 1.9 %

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 company has a market cap of £2.90 billion, a P/E ratio of 1,737.50, a P/E/G ratio of 1.37 and a beta of 0.50. The business’s 50 day moving average is GBX 703.54 and its 200 day moving average is GBX 669.34.

Insider Buying and Selling at Tate & Lyle

In other news, insider David Hearn acquired 15,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average price of GBX 655 ($8.49) per share, with a total value of £101,525 ($131,662.56). 2.22% of the stock is owned by insiders.

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.