Treatt (LON:TET) Stock Crosses Below Two Hundred Day Moving Average of $454.00

Treatt plc (LON:TET) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 454 ($5.74) and traded as low as GBX 398.13 ($5.03). Treatt shares last traded at GBX 416 ($5.26), with a volume of 255,813 shares.

Analyst Ratings Changes

Several brokerages have weighed in on TET. Barclays cut their price target on Treatt from GBX 680 ($8.59) to GBX 610 ($7.71) and set an “overweight” rating on the stock in a report on Wednesday, November 29th. Berenberg Bank restated a “buy” rating and set a GBX 700 ($8.85) price target on shares of Treatt in a report on Wednesday, January 31st.

Treatt Trading Up 3.5 %

The business has a fifty day moving average price of GBX 427.59 and a 200 day moving average price of GBX 453.12. The firm has a market cap of £259.10 million, a PE ratio of 2,372.22 and a beta of 0.96. The company has a current ratio of 2.96, a quick ratio of 0.87 and a debt-to-equity ratio of 8.15.

Treatt Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 1st were given a dividend of GBX 5.46 ($0.07) per share. This represents a yield of 1.21%. This is a boost from Treatt’s previous dividend of $2.55. The ex-dividend date was Thursday, February 1st. Treatt’s dividend payout ratio (DPR) is presently 4,444.44%.

About Treatt

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.