Treatt (LON:TET) Shares Pass Below 200 Day Moving Average of $575.13

Treatt plc (LON:TET)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 575.13 ($7.20) and traded as low as GBX 431.50 ($5.40). Treatt shares last traded at GBX 442.50 ($5.54), with a volume of 103,815 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reduced their target price on shares of Treatt from GBX 780 ($9.76) to GBX 730 ($9.13) and set a “buy” rating for the company in a research report on Tuesday, October 10th.

Treatt Stock Performance

The company’s fifty day simple moving average is GBX 462.97 and its 200 day simple moving average is GBX 575.13. The company has a current ratio of 2.70, a quick ratio of 0.87 and a debt-to-equity ratio of 15.59. The stock has a market capitalization of £271.42 million, a P/E ratio of 2,602.94 and a beta of 0.96.

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; aroma, natural, and high impact chemicals; and herb, spice, and floral ingredients.