Treatt (LON:TET) Shares Pass Above 200-Day Moving Average of $446.70

Treatt plc (LON:TET)’s stock price 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 changing hands.

Analysts Set New Price Targets

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

Treatt Stock Up 3.4 %

The company has a debt-to-equity ratio of 8.15, a current ratio of 2.96 and a quick ratio of 0.87. The company has a market capitalization of £294.90 million, a price-to-earnings ratio of 2,700.00 and a beta of 0.96. The firm has a 50-day moving average price of GBX 422.26 and a two-hundred day moving average price of GBX 446.48.

Treatt Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 1st were issued a dividend of GBX 5.46 ($0.07) per share. This represents a yield of 1.21%. The ex-dividend date of this dividend was Thursday, February 1st. This is a positive change from Treatt’s previous dividend of $2.55. Treatt’s dividend payout ratio is presently 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.