Tharisa (LON:THS) Share Price Crosses Below 50 Day Moving Average - Time to Sell?

Tharisa plc (LON:THS - Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 65.43 ($0.81) and traded as low as GBX 56.25 ($0.70). Tharisa shares last traded at GBX 57 ($0.71), with a volume of 287,994 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 120 ($1.49) price target on shares of Tharisa in a research note on Thursday, November 28th.

Tharisa Stock Performance

The stock has a fifty day simple moving average of GBX 65.24 and a two-hundred day simple moving average of GBX 71.45. 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 stock has a market cap of £179.19 million, a price-to-earnings ratio of 289.05 and a beta of 0.90.

Tharisa Increases Dividend

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