Treatt (LON:TET) Shares Pass Below 200 Day Moving Average – What’s Next?

Treatt plc (LON:TET) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

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

Treatt Stock Performance

The company has a current ratio of 2.83, a quick ratio of 0.87 and a debt-to-equity ratio of 8.82. The stock’s 50 day moving average is GBX 454.26 and its 200 day moving average is GBX 455.59. The stock has a market capitalization of £254.42 million, a price-to-earnings ratio of 2,327.78 and a beta of 1.02.

Treatt (LON:TET) last announced its quarterly earnings results on Wednesday, December 4th. The company reported GBX 24.47 ($0.31) earnings per share (EPS) for the quarter. Treatt had a net margin of 7.88% and a return on equity of 8.46%. On average, analysts predict that Treatt plc will post 27.0420792 earnings per share for the current year.

Treatt Increases Dividend

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