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

Tharisa plc (LON:THS) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 64.67 ($0.80) and traded as low as GBX 58.75 ($0.73). Tharisa shares last traded at GBX 59.70 ($0.74), with a volume of 218,968 shares traded.

Wall Street Analyst Weigh In

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

Tharisa Stock Performance

The stock has a 50 day simple moving average of GBX 64.67 and a 200 day simple moving average of GBX 70.69. The company has a current ratio of 2.07, a quick ratio of 1.80 and a debt-to-equity ratio of 15.84. The stock has a market cap of £171.22 million, a P/E ratio of 276.19 and a beta of 0.90.

Tharisa Increases Dividend

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

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.