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

Posted by Irma Garcia on Dec 15th, 2024

Treatt plc (LON:TET – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on TET

Treatt Trading Down 1.1 %

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

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 paid a dividend of GBX 5.81 ($0.07) per share. This is a positive change from Treatt’s previous dividend of $2.60. This represents a yield of 1.26%. The ex-dividend date of this dividend is Thursday, February 6th. Treatt’s payout ratio is 4,444.44%.

About Treatt

(Get Free Report)

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.