Treatt (LON:TET) Stock Price Crosses Above 200-Day Moving Average of $446.70

Treatt plc (LON:TET) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 446.70 ($5.52) and traded as high as GBX 487.01 ($6.02). Treatt shares last traded at GBX 486 ($6.00), with a volume of 32,475 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 700 ($8.65) price objective on shares of Treatt in a research report on Wednesday, January 31st.

Treatt Trading Up 3.4 %

The business’s 50-day moving average price is GBX 422.26 and its 200 day moving average price is GBX 446.70. The company has a market cap of £294.90 million, a P/E ratio of 2,700.00 and a beta of 0.96. The company has a debt-to-equity ratio of 8.15, a quick ratio of 0.87 and a current ratio of 2.96.

Treatt Increases Dividend

The company 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%. The ex-dividend date of this dividend was Thursday, February 1st. This is an increase from Treatt’s previous dividend of $2.55. Treatt’s dividend payout ratio (DPR) is 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.