Tharisa (LON:THS) Shares Pass Below 50-Day Moving Average – Should You Sell?

Tharisa plc (LON:THS) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 68.23 ($0.86) and traded as low as GBX 64 ($0.80). Tharisa shares last traded at GBX 64 ($0.80), with a volume of 1,555 shares changing hands.

Analysts Set New Price Targets

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

Tharisa Stock Down 0.8 %

The stock has a market capitalization of £188.93 million, a price-to-earnings ratio of 304.76 and a beta of 0.90. The business has a 50-day moving average of GBX 68.23 and a 200-day moving average of GBX 74.72. The company has a debt-to-equity ratio of 15.84, a quick ratio of 1.80 and a current ratio of 2.07.

Tharisa Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, February 27th. This is a boost from Tharisa’s previous dividend of $0.02. This represents a dividend yield of 3.71%. Tharisa’s dividend payout ratio (DPR) is currently 952.38%.

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.