Tharisa (LON:THS) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Posted by Defense World Staff on Dec 26th, 2024

Tharisa plc (LON:THS – Get Free Report)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 68.23 ($0.86) and traded as low as GBX 64 ($0.80). Tharisa shares last traded at GBX 64 ($0.80), with a volume of 1,555 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 120 ($1.51) price target on shares of Tharisa in a research report on Thursday, November 28th.

View Our Latest Analysis on THS

Tharisa Stock Down 0.8 %

The company has a quick ratio of 1.80, a current ratio of 2.07 and a debt-to-equity ratio of 15.84. The firm has a market capitalization of £188.93 million, a PE ratio of 304.76 and a beta of 0.90. The business has a 50-day moving average price of GBX 68.23 and a 200-day moving average price of GBX 74.72.

Tharisa Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Thursday, February 27th will be issued a $0.03 dividend. This is a boost from Tharisa’s previous dividend of $0.02. This represents a yield of 3.71%. The ex-dividend date of this dividend is Thursday, February 27th. Tharisa’s dividend payout ratio is presently 952.38%.

Tharisa Company Profile

(Get Free Report)

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.