Tharisa (LON:THS) Share Price Passes Below 50 Day Moving Average of $78.45

Tharisa plc (LON:THS)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 78.45 ($1.04) and traded as low as GBX 75.15 ($0.99). Tharisa shares last traded at GBX 76 ($1.00), with a volume of 54,075 shares.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 130 ($1.72) target price on shares of Tharisa in a research report on Thursday, July 25th.

Tharisa Price Performance

The company has a 50 day moving average of GBX 78.45 and a two-hundred day moving average of GBX 72.68. The firm has a market cap of £224.35 million, a P/E ratio of 361.90 and a beta of 0.95. The company has a quick ratio of 1.80, a current ratio of 2.07 and a debt-to-equity ratio of 15.84.

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.