Tharisa (LON:THS) Stock Passes Below 50 Day Moving Average of $78.45

Shares of 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 78.45 ($1.04) and traded as low as GBX 75.15 ($0.99). Tharisa shares last traded at GBX 76 ($1.00), with a volume of 54,075 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 130 ($1.72) target price on shares of Tharisa in a report on Thursday, July 25th.

Tharisa Price Performance

The company has a debt-to-equity ratio of 15.84, a quick ratio of 1.80 and a current ratio of 2.07. The business has a 50 day moving average price of GBX 78.45 and a two-hundred day moving average price of GBX 72.86. The stock has a market cap of £224.35 million, a PE ratio of 361.90 and a beta of 0.95.

About Tharisa

Tharisa plc, an investment holding company, engages in the mining, processing, beneficiation, marketing, sale, and logistics of platinum group metals (PGM) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally. It operates through four segments: PGM, Chrome, Agency and Trading, and Manufacturing.