South African stock alert
Afternoon Alert: Tharisa PLC accelerates slide, now down 4.0% in 2 days 25 July 2017 12:50 SAST
NEWS BITES - AFRICA
Tharisa Plc (J:THA) is down 50.0c (or 4.0%) over the past two trading days. After falling 0.8% on Monday, the stock fell 3.2% on Tuesday to trade at ZAR12.0 vs. the FTSE/JSE- Africa Top 40 Index that is up 0.9% in the same period.
Current indications of bearish signals that support the trend in the unusual trading:
+ The negative 0.64 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ The price tumbled 7.7% in the last week and plummeted 17.2% in the last month.
Other Bearish Signals include:
+ As per the Du Pont analysis, Return on Equity is less than stellar at 7.5%.
Total Liabilities/EBITDA of 2.7 is comfortably below the Joseph Piotroski benchmark of <5.
Tobin's Q Ratio is 0.8. Compared with the rest of the market the stock is undervalued.
Tharisa Plc (J:THA; JNB:THA; SJ:THA)