Tharisa (LON:THS) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Tharisa plc (LON:THS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 120.06 and traded as low as GBX 113. Tharisa shares last traded at GBX 115, with a volume of 342,827 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 220 target price on shares of Tharisa in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 177.50.

Tharisa Stock Performance

The stock’s fifty day moving average is GBX 121.57 and its two-hundred day moving average is GBX 120.06. The firm has a market capitalization of £340.73 million, a price-to-earnings ratio of 2.93 and a beta of 0.68. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.79 and a current ratio of 2.30.

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.