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Trifast (LON:TRI) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Trifast logo with Industrials background

Trifast plc (LON:TRI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 77.84 ($0.98) and traded as high as GBX 81.70 ($1.03). Trifast shares last traded at GBX 81.20 ($1.02), with a volume of 149,709 shares trading hands.

Trifast Stock Up 1.0 %

The company has a debt-to-equity ratio of 48.54, a current ratio of 3.45 and a quick ratio of 1.78. The firm's 50 day moving average price is GBX 80.62 and its two-hundred day moving average price is GBX 77.84. The firm has a market cap of £110.49 million, a price-to-earnings ratio of -2,733.33 and a beta of 1.16.

Trifast Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 6th will be given a dividend of GBX 0.60 ($0.01) per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a yield of 0.77%. Trifast's payout ratio is -6,666.67%.

Trifast Company Profile

(Get Free Report)

Trifast plc, together with its subsidiaries, engages in the design, engineering, manufacture, and distribution of industrial fasteners and category C components in the United Kingdom, Europe, North America, and Asia. It also offers screws and bolts, nuts, washers, circlips, seals, rings, plastic and enclosure hardware, cable glands, security fasteners, spacers and pillars, tooling and driver bits, and other hardware products, as well as fasteners for sheet metal and plastic.

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