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

Tharisa plc (LON:THS) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 98.08 and traded as low as GBX 94.13. Tharisa shares last traded at GBX 98, with a volume of 252,772 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Peel Hunt reissued a “buy” rating and issued a GBX 135 price target on shares of Tharisa in a research report on Monday, November 10th. Berenberg Bank reiterated a “buy” rating and issued a GBX 200 price objective on shares of Tharisa in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 167.50.

Tharisa Stock Down 1.0%

The stock has a market capitalization of £285.35 million, a P/E ratio of 5.77 and a beta of 0.90. The company has a current ratio of 1.84, a quick ratio of 1.80 and a debt-to-equity ratio of 14.70. The firm’s fifty day moving average is GBX 98.08 and its 200-day moving average is GBX 87.15.

Tharisa Company Profile

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.