Treatt (LON:TET) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Treatt plc (LON:TET) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 252.34 ($3.37) and traded as low as GBX 235 ($3.14). Treatt shares last traded at GBX 239 ($3.20), with a volume of 404,605 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on TET. Berenberg Bank lowered their price objective on shares of Treatt from GBX 440 to GBX 250 and set a “buy” rating on the stock in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Treatt from GBX 260 to GBX 290 and gave the company a “hold” rating in a research note on Monday, October 6th. Finally, Jefferies Financial Group lowered shares of Treatt to a “hold” rating and lowered their price objective for the company from GBX 350 to GBX 260 in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Treatt has a consensus rating of “Hold” and a consensus target price of GBX 266.67.

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 stock has a market cap of £137.36 million, a price-to-earnings ratio of 12.70 and a beta of 1.02. The company’s 50-day simple moving average is GBX 252.11 and its 200-day simple moving average is GBX 252.34.

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.