Tharisa (LON:THS) Share Price Passes Below Fifty Day Moving Average - Time to Sell?

Shares of Tharisa plc (LON:THS - Get Free Report) 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 traded.

Analyst Upgrades and Downgrades

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

Tharisa Stock Down 2.9 %

The firm's fifty day moving average is GBX 66.56 and its 200 day moving average is GBX 72.59. The company has a current ratio of 2.07, a quick ratio of 1.80 and a debt-to-equity ratio of 15.84. The stock has a market cap of £176.26 million, a P/E ratio of 284.33 and a beta of 0.90.

Tharisa Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 12th. Investors of record on Thursday, February 27th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a yield of 3.71%. This is a boost from Tharisa's previous dividend of $0.02. Tharisa's payout ratio is presently 952.38%.

Tharisa Company Profile

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.