Tharisa (LON:THS) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Tharisa plc (LON:THS)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 61.21 ($0.78) and traded as low as GBX 55 ($0.70). Tharisa shares last traded at GBX 56 ($0.71), with a volume of 188,329 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 120 ($1.52) price objective on shares of Tharisa in a research note on Thursday, November 28th.

Tharisa Price Performance

The stock’s 50-day moving average is GBX 61.21 and its two-hundred day moving average is GBX 67.96. The company has a market capitalization of £201.11 million, a PE ratio of 2.54 and a beta of 0.90. The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 14.70.

Tharisa Increases Dividend

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