Treatt (LON:TET) Stock Crosses Above 200-Day Moving Average of $451.18

Shares of Treatt plc (LON:TETGet Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 451.18 ($5.73) and traded as high as GBX 500 ($6.35). Treatt shares last traded at GBX 496 ($6.30), with a volume of 77,028 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 700 ($8.90) price objective on shares of Treatt in a research note on Wednesday, January 31st.

Read Our Latest Report on TET

Treatt Price Performance

The company has a debt-to-equity ratio of 8.15, a current ratio of 2.96 and a quick ratio of 0.87. The firm has a market capitalization of £303.21 million, a PE ratio of 2,771.02 and a beta of 0.93. The company has a 50-day moving average price of GBX 447.02 and a 200-day moving average price of GBX 451.18.

Treatt Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 4th will be issued a GBX 2.60 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, July 4th. This represents a yield of 0.55%. Treatt’s dividend payout ratio (DPR) is 4,444.44%.

Treatt Company Profile

(Get Free Report)

Treatt plc, together with its subsidiaries, manufactures and supplies various natural extracts and ingredients to the flavor, fragrance, beverage, and consumer product industries in the United Kingdom, Germany, Ireland, the United States, China, and internationally. The company offers flavor ingredients, such as citrus, coffee, tea, health and wellness, and fruits and vegetables extracts; Hics, aroma, and herb, spice, and floral ingredients.

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