Treatt (LON:TET) Shares Pass Below 200 Day Moving Average - Here's What Happened

Treatt plc (LON:TET - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 387 ($5.24) and traded as low as GBX 243.50 ($3.29). Treatt shares last traded at GBX 257 ($3.48), with a volume of 737,066 shares trading hands.

Treatt Stock Up 3.1%

The firm's 50-day simple moving average is GBX 280.29 and its 200 day simple moving average is GBX 381.08. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.87 and a current ratio of 4.06. The stock has a market capitalization of £164.56 million, a P/E ratio of 14.71 and a beta of 1.02.

Treatt (LON:TET - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported GBX 4.49 ($0.06) earnings per share (EPS) for the quarter. Treatt had a return on equity of 8.09% and a net margin of 7.88%. As a group, research analysts expect that Treatt plc will post 27.0420792 EPS for the current year.

Treatt Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 6th were issued a GBX 5.81 ($0.08) dividend. This represents a dividend yield of 1.26%. The ex-dividend date was Thursday, February 6th. This is an increase from Treatt's previous dividend of $2.60. Treatt's dividend payout ratio is presently 43.23%.

About Treatt

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.