Treatt (LON:TET) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Treatt plc (LON:TET) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 218.36 and traded as high as GBX 300.50. Treatt shares last traded at GBX 300.50, with a volume of 377,392 shares changing hands.

Analyst Upgrades and Downgrades

TET has been the subject of several research reports. Berenberg Bank reissued a “buy” rating and set a GBX 270 price objective on shares of Treatt in a research note on Friday, March 27th. 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. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Treatt presently has an average rating of “Hold” and a consensus target price of GBX 248.33.

Treatt Stock Performance

The firm’s 50-day moving average price is GBX 225.28 and its two-hundred day moving average price is GBX 218.36. The company has a quick ratio of 0.87, a current ratio of 3.39 and a debt-to-equity ratio of 4.64. The firm has a market capitalization of £177.40 million, a PE ratio of 41.62 and a beta of 0.68.

Treatt (LON:TET) last issued its quarterly earnings results on Wednesday, April 29th. The company reported GBX 3.04 EPS for the quarter. Treatt had a net margin of 3.40% and a return on equity of 3.22%. The business had revenue of GBX 5,986 million during the quarter. As a group, research analysts predict that Treatt plc will post 27.0420792 earnings per share 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.