Tharisa (LON:THS) Shares Cross Below 50-Day Moving Average – Time to Sell?

Tharisa plc (LON:THSGet Free Report)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 120.17 and traded as low as GBX 114. Tharisa shares last traded at GBX 116.50, with a volume of 847,224 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 220 price objective on shares of Tharisa in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 177.50.

Check Out Our Latest Stock Analysis on THS

Tharisa Stock Down 3.4%

The company has a debt-to-equity ratio of 15.61, a current ratio of 2.30 and a quick ratio of 1.79. The stock has a market capitalization of £334.81 million, a PE ratio of 2.88 and a beta of 0.69. The company has a 50 day moving average price of GBX 119.68 and a 200-day moving average price of GBX 121.71.

Tharisa Company Profile

(Get Free Report)

About Tharisa – delivering on expansion and growth opportunities, commercialising technology solutions
Tharisa is an integrated resource group playing a pivotal role in the global energy transition and the decarbonisation of economies. Leveraging innovation and technology, Tharisa covers the entire value chain – exploration, mining, processing, beneficiation, marketing, sales, and logistics – for PGMs and chrome concentrates. The low cost, multigenerational Tharisa Mine is located on the southwestern limb of the Bushveld Complex, South Africa, the largest source of PGMs and chrome globally.

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