Shares of Trifast plc (LON:TRI - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 80.51 ($1.02) and traded as low as GBX 75.20 ($0.95). Trifast shares last traded at GBX 75.20 ($0.95), with a volume of 49,486 shares traded.
Trifast Price Performance
The stock has a 50-day simple moving average of GBX 80.42 and a 200 day simple moving average of GBX 80.47. The company has a debt-to-equity ratio of 48.54, a quick ratio of 1.78 and a current ratio of 3.46. The company has a market cap of £104.04 million, a P/E ratio of -23.46 and a beta of 1.16.
Trifast Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 6th will be given a GBX 0.60 ($0.01) dividend. The ex-dividend date is Thursday, March 6th. This represents a dividend yield of 0.77%. Trifast's dividend payout ratio is currently -62.39%.
Insiders Place Their Bets
In related news, insider Nicholas Mills bought 100,000 shares of the company's stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost of GBX 80 ($1.01) per share, with a total value of £80,000 ($101,073.91). Also, insider Iain Percival bought 63,529 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of GBX 78 ($0.99) per share, with a total value of £49,552.62 ($62,605.96). In the last quarter, insiders bought 403,529 shares of company stock worth $32,635,262. 13.71% of the stock is currently owned by company insiders.
Trifast Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Trifast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trifast wasn't on the list.
While Trifast currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
