Treatt (LON:TET) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Treatt plc (LON:TET)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 455.97 ($5.63) and traded as low as GBX 420.50 ($5.19). Treatt shares last traded at GBX 423 ($5.22), with a volume of 46,525 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 650 ($8.03) target price on shares of Treatt in a research note on Friday, December 6th.

Treatt Trading Down 0.7 %

The business’s fifty day moving average is GBX 455.09 and its two-hundred day moving average is GBX 455.97. The company has a quick ratio of 0.87, a current ratio of 2.83 and a debt-to-equity ratio of 8.82. The firm has a market cap of £256.85 million, a price-to-earnings ratio of 2,350.00 and a beta of 1.02.

Treatt (LON:TET) last posted its quarterly earnings results on Wednesday, December 4th. The company reported GBX 24.47 ($0.30) earnings per share (EPS) for the quarter. Treatt had a return on equity of 8.46% and a net margin of 7.88%. Equities analysts anticipate that Treatt plc will post 27.0420792 earnings per share for the current fiscal year.

Treatt Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 6th will be paid a dividend of GBX 5.81 ($0.07) per share. This represents a dividend yield of 1.26%. This is an increase from Treatt’s previous dividend of $2.60. The ex-dividend date is Thursday, February 6th. Treatt’s payout ratio is 4,444.44%.

Treatt Company Profile

We are a trusted ingredients manufacturer and solutions provider to the global flavour, fragrance and consumer goods markets from our bases in the UK, the US and China. We take pride in developing the ingredient solutions of the future and are supported by a global operational infrastructure that delivers results.