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

Treatt plc (LON:TET) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 453.44 ($5.60) and traded as low as GBX 392 ($4.84). Treatt shares last traded at GBX 408 ($5.04), with a volume of 161,855 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 650 ($8.03) price target on shares of Treatt in a research report on Friday, December 6th.

Treatt Stock Up 2.5 %

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 business’s 50 day moving average is GBX 455.65 and its 200-day moving average is GBX 453.44. The stock has a market cap of £253.81 million, a price-to-earnings ratio of 2,322.22 and a beta of 1.02.

Treatt (LON:TET) last released its earnings results on Wednesday, December 4th. The company reported GBX 24.47 ($0.30) EPS for the quarter. Treatt had a net margin of 7.88% and a return on equity of 8.46%. On average, sell-side analysts predict that Treatt plc will post 27.0420792 EPS for the current fiscal year.

Treatt Increases Dividend

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

Treatt Company Profile

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.