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

Shares of Treatt plc (LON:TET) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Wall Street Analyst Weigh In

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

Treatt Trading Down 2.7 %

The company has a market capitalization of £284.29 million, a price-to-earnings ratio of 2,602.78 and a beta of 0.96. The company has a 50-day moving average price of GBX 416.14 and a 200-day moving average price of GBX 445.84. The company has a quick ratio of 0.87, a current ratio of 2.96 and a debt-to-equity ratio of 8.15.

Treatt Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 1st were given a GBX 5.46 ($0.07) dividend. This represents a dividend yield of 1.21%. This is a boost from Treatt’s previous dividend of $2.55. The ex-dividend date of this dividend was Thursday, February 1st. Treatt’s dividend payout ratio is currently 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.