Tharisa (LON:THS) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Shares of Tharisa plc (LON:THS) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Wall Street Analyst Weigh In

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

Tharisa Stock Performance

The stock has a market cap of £345.18 million, a P/E ratio of 2.96 and a beta of 0.69. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.79 and a current ratio of 2.30. The stock has a 50-day moving average price of GBX 120.17 and a 200-day moving average price of GBX 121.79.

Tharisa Company Profile

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.