Treatt (LON:TET) Stock Passes Above Two Hundred Day Moving Average of $448.65

Treatt plc (LON:TET)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 448.65 ($5.64) and traded as high as GBX 486 ($6.11). Treatt shares last traded at GBX 481 ($6.04), with a volume of 73,614 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 700 ($8.79) price objective on shares of Treatt in a research note on Wednesday, January 31st.

Treatt Price Performance

The firm has a 50-day moving average of GBX 432.21 and a 200-day moving average of GBX 448.65. 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 firm has a market capitalization of £292.37 million, a P/E ratio of 2,672.22 and a beta of 0.97.

Treatt Increases Dividend

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

Treatt Company Profile

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.