Treatt (LON:TET) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Posted by Tristan Rich on Dec 14th, 2024

Treatt plc (LON:TET – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on TET

Treatt Price Performance

The stock has a fifty day moving average price of GBX 455.58 and a 200-day moving average price of GBX 453.77. The firm has a market capitalization of £280.53 million, a PE ratio of 2,566.67 and a beta of 1.02. The company has a debt-to-equity ratio of 8.82, a quick ratio of 0.87 and a current ratio of 2.83.

Treatt Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 6th will be issued a GBX 5.81 ($0.07) dividend. The ex-dividend date is Thursday, February 6th. This is an increase from Treatt’s previous dividend of $2.60. This represents a dividend yield of 1.26%. Treatt’s dividend payout ratio (DPR) is currently 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.