Treatt (LON:TET) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Shares of Treatt plc (LON:TET) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 245.12 and traded as low as GBX 206.50. Treatt shares last traded at GBX 208, with a volume of 132,841 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group lowered shares of Treatt to a “hold” rating and dropped their price objective for the company from GBX 350 to GBX 260 in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on Treatt from GBX 260 to GBX 290 and gave the stock a “hold” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Treatt has an average rating of “Hold” and a consensus target price of GBX 266.67.

Treatt Stock Down 3.9%

The stock has a 50-day moving average of GBX 242.11 and a 200-day moving average of GBX 245.12. The company has a debt-to-equity ratio of 1.78, a current ratio of 4.06 and a quick ratio of 0.87. The firm has a market cap of £122.62 million, a price-to-earnings ratio of 11.34 and a beta of 1.02.

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.