Tharisa (LON:THS) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of Tharisa plc (LON:THS) passed below its 50 day moving average during trading on Monday . The stock has a 50 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.

Analyst Upgrades and Downgrades

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

Tharisa Trading Down 1.6 %

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 firm has a 50-day moving average of GBX 66.37 and a 200-day moving average of GBX 72.40. The firm has a market capitalization of £174.32 million, a P/E ratio of 281.19 and a beta of 0.90.

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 paid a dividend of $0.03 per share. This represents a dividend yield of 3.71%. This is an increase from Tharisa’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, February 27th. Tharisa’s dividend payout ratio is 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.