Tharisa (LON:THS) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Tharisa plc (LON:THS) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 63.51 ($0.80) and traded as low as GBX 58.01 ($0.73). Tharisa shares last traded at GBX 59 ($0.74), with a volume of 128,234 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 120 ($1.51) price target on shares of Tharisa in a report on Thursday, November 28th.

Tharisa Price Performance

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 £213.41 million, a price-to-earnings ratio of 2.70 and a beta of 0.90. The stock’s fifty day simple moving average is GBX 63.27 and its two-hundred day simple moving average is GBX 69.58.

Tharisa Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Tharisa’s previous dividend of $0.02. This represents a yield of 3.71%. Tharisa’s dividend payout ratio is currently 9.15%.

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.