Treatt (LON:TET) Sets New 12-Month Low – What’s Next?

Shares of Treatt plc (LON:TET) hit a new 52-week low on Tuesday . The company traded as low as GBX 339.50 ($4.39) and last traded at GBX 342.50 ($4.43), with a volume of 258840 shares changing hands. The stock had previously closed at GBX 345 ($4.46).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 650 ($8.40) price objective on shares of Treatt in a research report on Friday, December 6th.

Treatt Stock Performance

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 company has a market cap of £207.08 million, a price-to-earnings ratio of 18.51 and a beta of 1.02. The stock has a 50 day simple moving average of GBX 409.17 and a 200 day simple moving average of GBX 440.29.

Treatt Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 6th were issued a GBX 5.81 ($0.08) dividend. This represents a yield of 1.26%. The ex-dividend date was Thursday, February 6th. This is a boost from Treatt’s previous dividend of $2.60. Treatt’s dividend payout ratio is currently 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.