Tharisa (LON:THS) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Tharisa plc (LON:THS) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 98.56 and traded as low as GBX 94. Tharisa shares last traded at GBX 99, with a volume of 308,107 shares.

Wall Street Analyst Weigh In

THS has been the topic of several research reports. Berenberg Bank restated a “buy” rating and set a GBX 200 price target on shares of Tharisa in a research note on Tuesday, October 7th. Peel Hunt restated a “buy” rating and set a GBX 135 price objective on shares of Tharisa in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Tharisa has an average rating of “Buy” and a consensus target price of GBX 167.50.

Tharisa Trading Up 5.3%

The company has a debt-to-equity ratio of 14.70, a current ratio of 1.84 and a quick ratio of 1.80. The business’s 50 day simple moving average is GBX 98.56 and its 200 day simple moving average is GBX 89.12. The stock has a market cap of £291.23 million, a P/E ratio of 5.89 and a beta of 0.90.

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.