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

Treatt plc (LON:TET) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

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

Treatt Stock Performance

The company has a debt-to-equity ratio of 8.15, a current ratio of 2.96 and a quick ratio of 0.87. The firm has a fifty day simple moving average of GBX 415.36 and a 200 day simple moving average of GBX 446.05. The company 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 declared a dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 1st were issued a dividend of GBX 5.46 ($0.07) per share. This represents a yield of 1.21%. The ex-dividend date of this dividend was Thursday, February 1st. This is an increase from Treatt’s previous dividend of $2.55. Treatt’s dividend payout ratio (DPR) is 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.