Treatt (LON:TET) Reaches New 52-Week High – Time to Buy?

Shares of Treatt plc (LON:TET) reached a new 52-week high during trading on Monday . The company traded as high as GBX 527.25 ($6.61) and last traded at GBX 491 ($6.16), with a volume of 89169 shares traded. The stock had previously closed at GBX 515 ($6.46).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 650 ($8.15) price objective on shares of Treatt in a research report on Friday, December 6th.

Treatt Trading Up 3.7 %

The business has a fifty day moving average price of GBX 460.82 and a 200-day moving average price of GBX 453.25. 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 cap of £309.06 million, a P/E ratio of 2,827.78 and a beta of 1.02.

Treatt Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 6th will be issued a GBX 5.81 ($0.07) dividend. This represents a yield of 1.26%. This is a positive change from Treatt’s previous dividend of $2.60. The ex-dividend date of this dividend is Thursday, February 6th. Treatt’s dividend payout ratio is currently 4,444.44%.

About Treatt

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.