Tharisa (LON:THS) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Tharisa plc (LON:THS) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 65.43 ($0.81) and traded as low as GBX 56.25 ($0.70). Tharisa shares last traded at GBX 57 ($0.71), with a volume of 287,994 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 120 ($1.49) target price on shares of Tharisa in a research note on Thursday, November 28th.

Tharisa Trading Down 2.4 %

The company has a debt-to-equity ratio of 15.84, a quick ratio of 1.80 and a current ratio of 2.07. The stock has a market capitalization of £168.26 million, a PE ratio of 271.43 and a beta of 0.90. The business’s 50-day moving average is GBX 65.43 and its two-hundred day moving average is GBX 71.55.

Tharisa Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.03 per share. This represents a dividend yield of 3.71%. This is a positive change from Tharisa’s previous dividend of $0.02. The ex-dividend date is Thursday, February 27th. Tharisa’s payout ratio is 952.38%.

Tharisa Company Profile

Tharisa Plc is an integrated resource group, dual listed in London and Johannesburg and produces platinum group metals and chrome concentrates from the Tharisa mine in South Africa. Uniquely positioned through its vertical structure incorporating processing, beneficiation, marketing, sales and logistics, Tharisa is a low cost producer, using technology and innovation to maximise stakeholder returns through exploitation of mineral resources in a responsible manner.