Trifast plc (LON:TRI - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 76.96 ($1.02) and traded as low as GBX 60.80 ($0.80). Trifast shares last traded at GBX 62.35 ($0.83), with a volume of 54,682 shares.
Trifast Stock Performance
The company has a market cap of £89.93 million, a PE ratio of -20.28 and a beta of 1.16. The company has a quick ratio of 1.78, a current ratio of 3.46 and a debt-to-equity ratio of 48.54. The business's fifty day moving average is GBX 69.03 and its 200-day moving average is GBX 76.70.
Trifast Cuts Dividend
The business also recently announced a dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 6th were given a dividend of GBX 0.60 ($0.01) per share. The ex-dividend date was Thursday, March 6th. This represents a yield of 0.77%. Trifast's dividend payout ratio (DPR) is presently -62.39%.
Insiders Place Their Bets
In related news, insider Nicholas Mills acquired 240,000 shares of the business's stock in a transaction on Friday, January 24th. The stock was acquired at an average cost of GBX 82 ($1.09) per share, with a total value of £196,800 ($260,455.27). Also, insider Clive Watson bought 20,000 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The shares were bought at an average price of GBX 62 ($0.82) per share, with a total value of £12,400 ($16,410.80). Insiders purchased a total of 771,029 shares of company stock worth $57,852,762 over the last quarter. 13.71% of the stock is currently owned by corporate insiders.
Trifast Company Profile
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About Trifast plc (LSE Main listing: symbol: TRI)
Founded in 1973, Trifast is a leading international specialist in the design, engineering, manufacture, and distribution of high-quality industrial fastenings. From locations across key regions in the UK & Ireland, Asia, Europe, and North America, the Group supplies customers in c.70 countries across a wide range of industries, including automotive, smart infrastructure and medical equipment.
Through our Engineering application expertise we deliver comprehensive support to our OEM and Tier 1 customers across every requirement, from concept design through to technical engineering consultancy, manufacturing, supply management and global logistics.
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