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

Tate & Lyle plc (LON:TATE) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Tate & Lyle Stock Performance

The stock 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 company has a current ratio of 3.22, a quick ratio of 1.77 and a debt-to-equity ratio of 47.62. The firm has a 50-day moving average of GBX 668.70 and a 200-day moving average of GBX 654.29.

Insider Activity

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

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.