Treatt (LON:TET) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Treatt plc (LON:TET) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 217.32 and traded as low as GBX 205. Treatt shares last traded at GBX 214, with a volume of 83,255 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TET shares. Deutsche Bank Aktiengesellschaft dropped their price target on Treatt from GBX 250 to GBX 215 and set a “hold” rating on the stock in a research report on Friday, March 27th. Berenberg Bank restated a “buy” rating and issued a GBX 270 price target on shares of Treatt in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 248.33.

Treatt Price Performance

The stock has a fifty day simple moving average of GBX 206.55 and a two-hundred day simple moving average of GBX 216.85. The company has a current ratio of 3.16, a quick ratio of 0.87 and a debt-to-equity ratio of 6.21. The company has a market cap of £126.04 million, a PE ratio of 25.54 and a beta of 0.68.

Treatt (LON:TET) last posted its quarterly earnings results on Tuesday, January 20th. The company reported GBX 13.40 earnings per share (EPS) for the quarter. Treatt had a net margin of 3.82% and a return on equity of 3.64%. On average, equities analysts predict that Treatt plc will post 27.0420792 EPS for the current fiscal year.

Treatt Company Profile

We are a trusted ingredients manufacturer and solutions provider to the global flavour, fragrance and consumer goods markets from our bases in the UK, the US and China. We take pride in developing the ingredient solutions of the future and are supported by a global operational infrastructure that delivers results. Our people are creative, technically excellent and dedicated – allowing us to develop and supply a range of ready-made or bespoke systems to suit even the most adventurous needs.