Tharisa (LON:THS) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Tharisa plc (LON:THS) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 68.71 ($0.87) and traded as high as GBX 70 ($0.89). Tharisa shares last traded at GBX 70 ($0.89), with a volume of 36,939 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 120 ($1.52) price target on shares of Tharisa in a research note on Thursday, November 28th.

Tharisa Stock Down 1.4 %

The company has a quick ratio of 1.80, a current ratio of 2.07 and a debt-to-equity ratio of 15.84. The company has a market capitalization of £203.69 million, a PE ratio of 333.33 and a beta of 0.90. The company’s 50 day moving average is GBX 68.71 and its two-hundred day moving average is GBX 75.29.

Tharisa Increases Dividend

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

Tharisa Company Profile

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.