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

Key Points

• Treatt plc's share price dropped by 26.3% during mid-day trading, reaching as low as GBX 180 ($2.43) before recovering to GBX 186.40 ($2.52).
• The company has a market cap of £118.02 million and a debt-to-equity ratio of 1.78, indicating potential financial stability concerns.
• Equities research analysts forecast that Treatt plc will post an EPS of 27.04 for the current fiscal year, which contrasts with its recent quarterly EPS of GBX 4.49 ($0.06).

Treatt plc (LON:TET - Get Free Report)'s share price dropped 26.3% during trading 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 were traded during 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 Down 0.7%

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

Treatt (LON:TET - Get Free Report) last announced its quarterly earnings data 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%. Research analysts forecast 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.