Treatt (LON:TET) Stock Price Down 22.6% - Here's What Happened

Shares of Treatt plc (LON:TET - Get Free Report) traded down 22.6% on Thursday . The stock traded as low as GBX 241.50 ($3.18) and last traded at GBX 248.50 ($3.28). 258,953 shares traded hands during mid-day trading, an increase of 102% from the average session volume of 128,288 shares. The stock had previously closed at GBX 321 ($4.23).

Treatt Trading Up 0.7 %

The firm's 50-day simple moving average is GBX 368.10 and its 200-day simple moving average is GBX 424.73. The company has a quick ratio of 0.87, a current ratio of 4.06 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of £131.20 million, a P/E ratio of 11.73 and a beta of 1.02.

Treatt Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 6th were paid a dividend of GBX 5.81 ($0.08) per share. The ex-dividend date was Thursday, February 6th. This represents a yield of 1.26%. This is a positive change from Treatt's previous dividend of $2.60. Treatt's payout ratio is 43.23%.

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.