Treatt (LON:TET) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Treatt plc (LON:TET) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 245.12 and traded as low as GBX 206.50. Treatt shares last traded at GBX 208, with a volume of 132,841 shares trading hands.

Analyst Ratings Changes

TET has been the topic of several research reports. Jefferies Financial Group lowered Treatt to a “hold” rating and lowered their price target for the company from GBX 350 to GBX 260 in a research note on Monday, September 15th. Deutsche Bank Aktiengesellschaft upped their target price on Treatt from GBX 260 to GBX 290 and gave the company a “hold” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 266.67.

Treatt Stock Performance

The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.87 and a current ratio of 4.06. The stock has a 50-day moving average of GBX 242.11 and a 200 day moving average of GBX 245.12. The firm has a market capitalization of £122.62 million, a P/E ratio of 11.34 and a beta of 1.02.

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.