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

Tharisa plc (LON:THS)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 59.86 ($0.78) and traded as low as GBX 57.35 ($0.74). Tharisa shares last traded at GBX 58.73 ($0.76), with a volume of 525,177 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 120 ($1.56) price target on shares of Tharisa in a report on Thursday, November 28th.

Tharisa Stock Up 3.0 %

The company has a debt-to-equity ratio of 14.70, a quick ratio of 1.80 and a current ratio of 1.84. The company has a market capitalization of £212.45 million, a P/E ratio of 2.69 and a beta of 0.90. The firm’s fifty day moving average is GBX 59.86 and its 200-day moving average is GBX 66.75.

Tharisa Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 12th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.03 per share. This represents a yield of 3.71%. This is a positive change from Tharisa’s previous dividend of $0.02. The ex-dividend date was Thursday, February 27th. Tharisa’s payout ratio is presently 9.15%.

About Tharisa

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.