Treatt (LON:TET) Stock Price Crosses Above 200-Day Moving Average of $446.05

Posted by Defense World Staff on Apr 19th, 2024

Treatt plc (LON:TET – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 446.05 ($5.55) and traded as high as GBX 481.52 ($5.99). Treatt shares last traded at GBX 481.50 ($5.99), with a volume of 286,067 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 700 ($8.71) price target on shares of Treatt in a research report on Wednesday, January 31st.

Check Out Our Latest Analysis on Treatt

Treatt Trading Down 1.7 %

The company has a debt-to-equity ratio of 8.15, a quick ratio of 0.87 and a current ratio of 2.96. The business has a 50-day simple moving average of GBX 415.36 and a two-hundred day simple moving average of GBX 446.05. The stock has a market cap of £287.17 million, a price-to-earnings ratio of 2,675.00 and a beta of 0.96.

Treatt Increases Dividend

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

About Treatt

(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.