Tharisa (LON:THS) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Tharisa plc (LON:THS)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 66.56 ($0.82) and traded as low as GBX 60 ($0.74). Tharisa shares last traded at GBX 60.66 ($0.75), with a volume of 163,274 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 120 ($1.48) price objective on shares of Tharisa in a research note on Thursday, November 28th.

Tharisa Stock Down 1.4 %

The company has a debt-to-equity ratio of 15.84, a current ratio of 2.07 and a quick ratio of 1.80. The firm has a 50 day simple moving average of GBX 66.56 and a 200-day simple moving average of GBX 72.59. The stock has a market capitalization of £179.07 million, a price-to-earnings ratio of 288.86 and a beta of 0.90.

Tharisa Increases Dividend

The business 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. This is a positive change from Tharisa’s previous dividend of $0.02. This represents a yield of 3.71%. The ex-dividend date is Thursday, February 27th. Tharisa’s dividend payout ratio is currently 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.