Tharisa (LON:THS) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Tharisa plc (LON:THS) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 68.23 ($0.86) and traded as low as GBX 64 ($0.80). Tharisa shares last traded at GBX 64 ($0.80), with a volume of 1,555 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 120 ($1.50) target price on shares of Tharisa in a research report on Thursday, November 28th.

Tharisa Stock Up 2.8 %

The firm has a market cap of £194.24 million, a PE ratio of 313.33 and a beta of 0.90. The business’s 50 day moving average price is GBX 68.09 and its 200 day moving average price is GBX 74.57. The company has a debt-to-equity ratio of 15.84, a current ratio of 2.07 and a quick ratio of 1.80.

Tharisa Increases Dividend

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

About Tharisa

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.