Treatt (LON:TET) Stock Price Crosses Above Two Hundred Day Moving Average of $1,116.91

Treatt plc (LON:TET) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,116.91 ($15.16) and traded as high as GBX 1,258 ($17.08). Treatt shares last traded at GBX 1,225 ($16.63), with a volume of 66,736 shares trading hands.

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 1,400 ($19.00) target price on shares of Treatt in a report on Tuesday, November 30th.

The firm has a market capitalization of £732.17 million and a PE ratio of 49.20. The company has a debt-to-equity ratio of 15.40, a current ratio of 2.74 and a quick ratio of 1.12. The firm has a fifty day moving average price of GBX 1,199.58 and a 200 day moving average price of GBX 1,116.91.

The business also recently announced a dividend, which will be paid on Thursday, March 17th. Stockholders of record on Thursday, February 3rd will be issued a dividend of GBX 5.50 ($0.07) per share. This represents a dividend yield of 0.49%. This is an increase from Treatt’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, February 3rd. Treatt’s dividend payout ratio is currently 0.25%.

In related news, insider Daemmon Reeve sold 37,828 shares of the stock in a transaction dated Monday, December 20th. The stock was sold at an average price of GBX 1,193 ($16.19), for a total value of £451,288.04 ($612,580.48). Also, insider Richard Andrew Hope sold 180,968 shares of the stock in a transaction dated Friday, December 3rd. The stock was sold at an average price of GBX 1,100 ($14.93), for a total value of £1,990,648 ($2,702,114.84).

About Treatt (LON:TET)

Treatt plc 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. It offers flavor ingredients, such as citrus, coffee, tea, health and wellness, and fruits and vegetables extracts; aroma, natural, and high impact chemicals; and herb, spice, and floral ingredients.

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