Tharisa (LON:THS) Stock Price Passes Below Fifty Day Moving Average of $79.61

Tharisa plc (LON:THS)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 79.61 ($1.04) and traded as low as GBX 71 ($0.93). Tharisa shares last traded at GBX 71 ($0.93), with a volume of 341,761 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 130 ($1.70) price objective on shares of Tharisa in a research note on Thursday, July 25th.

Tharisa Stock Performance

The company has a debt-to-equity ratio of 15.84, a quick ratio of 1.80 and a current ratio of 2.07. The firm has a market capitalization of £215.61 million, a price-to-earnings ratio of 338.10 and a beta of 0.93. The firm’s 50-day moving average price is GBX 79.61 and its two-hundred day moving average price is GBX 71.79.

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.