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

Shares of Treatt plc (LON:TET) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 455.71 ($5.58) and traded as low as GBX 443.50 ($5.43). Treatt shares last traded at GBX 450 ($5.51), with a volume of 38,835 shares trading hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 650 ($7.96) price target on shares of Treatt in a research note on Friday, December 6th.

Treatt Stock Up 1.5 %

The stock has a 50 day moving average price of GBX 456.28 and a 200 day moving average price of GBX 455.71. 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 stock has a market capitalization of £277.39 million, a price-to-earnings ratio of 2,538.01 and a beta of 1.02.

Treatt Increases Dividend

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