Treatt (LON:TET) Stock Passes Below 200 Day Moving Average - Here's Why

Key Points

• Treatt passed below its 200-day moving average — the 200-day MA is GBX 217.32; the stock traded as low as GBX 205 and was last at GBX 214 on volume of 83,255 shares.
• Analysts are mixed: Deutsche Bank trimmed its target to GBX 215 with a "Hold" rating while Berenberg maintains a "Buy" and GBX 270 target, leaving an overall average rating of "Hold" and an average price target of GBX 248.33.
• Company fundamentals include a market cap of about £127.2m, a P/E of 25.78, reported quarterly EPS of GBX 13.40, and consensus analyst expectations of roughly 27.04 EPS for the current fiscal year.

Treatt plc (LON:TET - Get Free Report) 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 research firms have recently weighed in on TET. Deutsche Bank Aktiengesellschaft cut their target price 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 reissued a "buy" rating and set a GBX 270 target price on shares of Treatt in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of GBX 248.33.

Treatt Trading Up 0.7%

The stock has a fifty day moving average of GBX 206.50 and a 200-day moving average of GBX 217.32. The company has a debt-to-equity ratio of 6.21, a quick ratio of 0.87 and a current ratio of 3.16. The company has a market cap of £127.22 million, a PE ratio of 25.78 and a beta of 0.68.

Treatt (LON:TET - Get Free Report) last posted its quarterly earnings data on Tuesday, January 20th. The company reported GBX 13.40 earnings per share (EPS) for the quarter. Treatt had a return on equity of 3.64% and a net margin of 3.82%. Sell-side analysts anticipate that Treatt plc will post 27.0420792 EPS for the current fiscal year.

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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.