Shares of Tharisa plc (LON:THS - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 59.86 ($0.78) and traded as low as GBX 57.35 ($0.74). Tharisa shares last traded at GBX 58.73 ($0.76), with a volume of 525,177 shares.
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 120 ($1.55) price objective on shares of Tharisa in a report on Thursday, November 28th.
Read Our Latest Analysis on THS
Tharisa Stock Performance
The firm has a 50 day moving average of GBX 59.86 and a 200-day moving average of GBX 66.75. The company has a market cap of £227.88 million, a P/E ratio of 2.88 and a beta of 0.90. The company has a quick ratio of 1.80, a current ratio of 1.84 and a debt-to-equity ratio of 14.70.
Tharisa Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, March 12th. Stockholders of record on Thursday, February 27th were given a dividend of $0.03 per share. This is an increase from Tharisa's previous dividend of $0.02. The ex-dividend date of this dividend was Thursday, February 27th. This represents a dividend yield of 3.71%. Tharisa's dividend payout ratio is presently 9.15%.
About Tharisa
(
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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.
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