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

Tharisa plc (LON:THS) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 76.45 ($1.00) and traded as low as GBX 67.20 ($0.88). Tharisa shares last traded at GBX 67.20 ($0.88), with a volume of 282,153 shares.

Analyst Ratings Changes

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

Tharisa Stock Down 3.4 %

The firm has a market cap of £198.37 million, a price-to-earnings ratio of 320.00 and a beta of 0.90. The company has a current ratio of 2.07, a quick ratio of 1.80 and a debt-to-equity ratio of 15.84. The stock has a 50-day moving average of GBX 76.45 and a 200-day moving average of GBX 74.97.

Tharisa Company Profile

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.