Tharisa (LON:THS) Stock Price Crosses Above 50 Day Moving Average - Should You Sell?

Tharisa plc (LON:THS - Get Free Report) shares 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 Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 120 ($1.53) price target on shares of Tharisa in a report on Thursday, November 28th.

Tharisa Price Performance

The company has a debt-to-equity ratio of 15.84, a current ratio of 2.07 and a quick ratio of 1.80. The company has a market capitalization of £200.74 million, a PE ratio of 323.81 and a beta of 0.90. The firm has a 50-day moving average of GBX 68.67 and a 200 day moving average of GBX 75.22.

Tharisa Increases Dividend

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