Tharisa (LON:THS) Stock Price Crosses Below Fifty Day Moving Average of $104.70

Tharisa plc (LON:THSGet Rating)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 104.70 ($1.23) and traded as low as GBX 102.40 ($1.20). Tharisa shares last traded at GBX 102.50 ($1.20), with a volume of 260,415 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price target on Tharisa from GBX 270 ($3.17) to GBX 250 ($2.94) and set a “buy” rating for the company in a report on Thursday, October 6th.

Tharisa Stock Up 0.2 %

The company has a quick ratio of 1.46, a current ratio of 1.83 and a debt-to-equity ratio of 12.08. The company has a market cap of £307.87 million and a price-to-earnings ratio of 250.00. The stock has a fifty day moving average price of GBX 104.70 and a two-hundred day moving average price of GBX 113.51.

Tharisa Company Profile

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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 China, South Africa, Singapore, Hong Kong, the United Arab Emirates, Australia, Japan, and internationally. The company operates through four segments: PGM, Chrome, Agency and Trading, and Manufacturing.

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