Treatt (LON:TET) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Treatt plc (LON:TET)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 221.53 and traded as low as GBX 195.20. Treatt shares last traded at GBX 205, with a volume of 114,889 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TET. Deutsche Bank Aktiengesellschaft decreased their price target on Treatt from GBX 250 to GBX 215 and set a “hold” rating on the stock in a report on Friday, March 27th. Berenberg Bank restated a “buy” rating and set a GBX 270 price target on shares of Treatt in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 248.33.

Treatt Stock Up 0.8%

The company has a current ratio of 3.16, a quick ratio of 0.87 and a debt-to-equity ratio of 6.21. The business has a 50-day moving average price of GBX 205.46 and a 200-day moving average price of GBX 221.53. The firm has a market cap of £121.95 million, a P/E ratio of 24.71 and a beta of 0.71.

Treatt (LON:TET) last posted its quarterly earnings results on Tuesday, January 20th. The company reported GBX 13.40 earnings per share (EPS) for the quarter. Treatt had a return on equity of 3.64% and a net margin of 3.82%. On average, equities analysts forecast that Treatt plc will post 27.0420792 EPS for the current fiscal year.

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. Our people are creative, technically excellent and dedicated – allowing us to develop and supply a range of ready-made or bespoke systems to suit even the most adventurous needs.