Tharisa (LON:THS) Stock 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 Thursday . The stock has a 50-day moving average of GBX 58.04 ($0.77) and traded as low as GBX 53.44 ($0.71). Tharisa shares last traded at GBX 55 ($0.73), with a volume of 108,345 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 130 ($1.72) price target on shares of Tharisa in a research note on Thursday, April 10th.

Tharisa Stock Performance

The company has a 50 day moving average of GBX 57.81 and a 200 day moving average of GBX 63.02. The firm has a market cap of £202.52 million, a price-to-earnings ratio of 2.56 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 business also recently declared a dividend, which was paid on Wednesday, March 12th. Investors of record on Thursday, February 27th were paid a $0.03 dividend. The ex-dividend date was Thursday, February 27th. This represents a yield of 3.71%. This is a boost from Tharisa's previous dividend of $0.02. Tharisa's dividend payout ratio (DPR) is currently 9.15%.

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.