Treatt (LON:TET) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Treatt plc's share price has fallen below its 200-day moving average of GBX 300.35, trading at GBX 218.50 recently.
• Berenberg Bank has lowered its target price for Treatt from GBX 440 to GBX 250, while maintaining a "buy" rating.
• The company reported earnings of GBX 4.49 per share with a debt-to-equity ratio of 1.78 and a market capitalization of £132.11 million.

Treatt plc (LON:TET - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 300.35 ($4.07) and traded as low as GBX 215.50 ($2.92). Treatt shares last traded at GBX 218.50 ($2.96), with a volume of 175,260 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank dropped their target price on Treatt from GBX 440 ($5.96) to GBX 250 ($3.39) and set a "buy" rating for the company in a report on Thursday, July 24th.

Treatt Price Performance

The stock has a fifty day moving average of GBX 240.94 and a two-hundred day moving average of GBX 296.01. The stock has a market capitalization of £134.83 million, a price-to-earnings ratio of 12.05 and a beta of 1.02. The company has a current ratio of 4.06, a quick ratio of 0.87 and a debt-to-equity ratio of 1.78.

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.