Tharisa (LON:THS) Share Price Passes Below 50-Day Moving Average - Should You Sell?

Tharisa plc (LON:THS - Get Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 57.69 ($0.77) and traded as low as GBX 55.36 ($0.74). Tharisa shares last traded at GBX 56.98 ($0.76), with a volume of 64,647 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 130 ($1.73) price objective on shares of Tharisa in a report on Thursday, April 10th.

Tharisa Trading Down 2.7 %

The company has a debt-to-equity ratio of 14.70, a quick ratio of 1.80 and a current ratio of 1.84. The stock has a 50-day moving average of GBX 57.42 and a two-hundred day moving average of GBX 62.50. The company has a market cap of £198.94 million, a P/E ratio of 2.52 and a beta of 0.90.

Tharisa Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 12th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.03 per share. This represents a yield of 3.71%. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Tharisa's previous dividend of $0.02. Tharisa's payout ratio is 9.15%.

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.