Treatt (LON:TET) Stock Price Down 26.3% on Analyst Downgrade

Key Points

• Treatt plc shares fell sharply by 26.3% on Friday, trading as low as GBX 180 ($2.43) from a previous close of GBX 253 ($3.42).
• The trading volume surged to approximately 5.97 million shares, highlighting a significant increase of 1,612% compared to the average daily volume.
• The company reported a quarterly earnings per share (EPS) of GBX 4.49 ($0.06) and forecasts for the current fiscal year suggest an EPS of approximately 27.04.

Treatt plc (LON:TET - Get Free Report)'s stock price dropped 26.3% on Friday after Berenberg Bank lowered their price target on the stock from GBX 440 to GBX 250. Berenberg Bank currently has a buy rating on the stock. Treatt traded as low as GBX 180 ($2.40) and last traded at GBX 186.40 ($2.49). Approximately 5,970,714 shares changed hands during mid-day trading, an increase of 1,612% from the average daily volume of 348,795 shares. The stock had previously closed at GBX 253 ($3.38).

Treatt Stock Performance

The firm's 50-day moving average price is GBX 258.20 and its 200-day moving average price is GBX 317.03. The company has a debt-to-equity ratio of 1.78, a current ratio of 4.06 and a quick ratio of 0.87. The stock has a market cap of £124.30 million, a P/E ratio of 11.11 and a beta of 1.02.

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