Tharisa (LON:THS) Stock Passes Below 50 Day Moving Average – Here’s Why

Tharisa plc (LON:THS) shares crossed 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 restated a “buy” rating and issued a GBX 120 ($1.52) target price on shares of Tharisa in a research note on Thursday, November 28th.

Tharisa Stock Performance

The firm has a 50 day moving average of GBX 61.21 and a 200-day moving average of GBX 67.96. The company has a market cap of £201.11 million, a P/E ratio of 2.54 and a beta of 0.90. The company has a quick ratio of 1.80, a current ratio of 1.84 and a debt-to-equity ratio of 14.70.

Tharisa Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, February 27th. This represents a dividend yield of 3.71%. This is a positive change from Tharisa’s previous dividend of $0.02. Tharisa’s dividend payout ratio (DPR) is currently 9.15%.

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.