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Treatt (LON:TET) Trading 11% Higher - Here's Why

Treatt logo with Basic Materials background

Treatt plc (LON:TET - Get Free Report)'s share price shot up 11% on Thursday . The company traded as high as GBX 474 ($6.20) and last traded at GBX 474 ($6.20). 512,468 shares traded hands during trading, an increase of 418% from the average session volume of 98,945 shares. The stock had previously closed at GBX 427 ($5.59).

Treatt Stock Up 11.6 %

The business has a 50-day simple moving average of GBX 446.96 and a 200-day simple moving average of GBX 455.69. The company has a debt-to-equity ratio of 8.82, a quick ratio of 0.87 and a current ratio of 2.83. The company has a market cap of £289.33 million, a price-to-earnings ratio of 2,647.22 and a beta of 1.02.

Treatt Company Profile

(Get Free Report)

Treatt plc, together with its subsidiaries, manufactures and supplies various natural extracts and ingredients to the flavor, fragrance, beverage, and consumer product industries in the United Kingdom, Germany, Ireland, the United States, China, and internationally. The company offers flavor ingredients, such as citrus, coffee, tea, health and wellness, and fruits and vegetables extracts; Hics, aroma, and herb, spice, and floral ingredients.

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