Tharisa (LON:THS) Share Price 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 73.68 ($0.96) and traded as low as GBX 67 ($0.87). Tharisa shares last traded at GBX 68 ($0.88), with a volume of 248,501 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 130 ($1.69) price objective on shares of Tharisa in a research note on Thursday, July 25th.

Tharisa Trading Down 1.4 %

The stock has a market capitalization of £200.74 million, a P/E ratio of 323.81 and a beta of 0.90. The company has a debt-to-equity ratio of 15.84, a current ratio of 2.07 and a quick ratio of 1.80. The business’s 50 day simple moving average is GBX 73.68 and its 200-day simple moving average is GBX 75.58.

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.