Treatt (LON:TET) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Treatt plc (LON:TET)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 453.77 ($5.73) and traded as high as GBX 475 ($6.00). Treatt shares last traded at GBX 462 ($5.83), with a volume of 58,467 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 650 ($8.20) target price on shares of Treatt in a research report on Friday, December 6th.

Treatt Stock Down 1.1 %

The company has a quick ratio of 0.87, a current ratio of 2.83 and a debt-to-equity ratio of 8.82. The company has a market capitalization of £280.53 million, a price-to-earnings ratio of 2,566.67 and a beta of 1.02. The business’s 50-day moving average is GBX 456.08 and its 200-day moving average is GBX 453.09.

Treatt Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 6th will be issued a GBX 5.81 ($0.07) dividend. This represents a dividend yield of 1.26%. The ex-dividend date is Thursday, February 6th. This is a boost from Treatt’s previous dividend of $2.60. Treatt’s payout ratio 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.