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

Tate & Lyle plc (LON:TATE) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 663 ($8.61) and traded as high as GBX 775.50 ($10.07). Tate & Lyle shares last traded at GBX 767.50 ($9.96), with a volume of 1,632,332 shares trading hands.

Tate & Lyle Stock Performance

The business has a fifty day moving average of GBX 693.47 and a 200 day moving average of GBX 664.78. The company has a market cap of £2.88 billion, a P/E ratio of 1,727.27, a P/E/G ratio of 1.37 and a beta of 0.50. The company has a quick ratio of 1.77, a current ratio of 3.22 and a debt-to-equity ratio of 47.62.

Insider Activity at Tate & Lyle

In other Tate & Lyle news, insider David Hearn bought 15,500 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average price of GBX 655 ($8.50) per share, for a total transaction of £101,525 ($131,816.41). 2.22% of the stock is owned by corporate 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.