Treatt (LON:TET) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Treatt plc (LON:TET) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 455.97 ($5.69) and traded as low as GBX 420.50 ($5.25). Treatt shares last traded at GBX 423 ($5.28), with a volume of 46,525 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 650 ($8.12) price objective on shares of Treatt in a research report on Friday, December 6th.

Treatt Stock Performance

The company’s fifty day moving average price is GBX 454.26 and its two-hundred day moving average price is GBX 455.59. The company has a debt-to-equity ratio of 8.82, a quick ratio of 0.87 and a current ratio of 2.83. The firm has a market capitalization of £254.42 million, a PE ratio of 2,327.78 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 ($0.31) earnings per share for the quarter. Treatt had a net margin of 7.88% and a return on equity of 8.46%. As a group, equities analysts expect that Treatt plc will post 27.0420792 earnings per share for the current year.

Treatt Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 6th will be issued a GBX 5.81 ($0.07) dividend. The ex-dividend date is Thursday, February 6th. This represents a yield of 1.26%. This is a boost from Treatt’s previous dividend of $2.60. Treatt’s dividend payout ratio (DPR) is presently 4,444.44%.

About Treatt

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.