Trifast plc (LON:TRI - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 78.45 ($1.02) and traded as low as GBX 70 ($0.91). Trifast shares last traded at GBX 70 ($0.91), with a volume of 394,732 shares.
Trifast Stock Performance
The firm's fifty day moving average is GBX 73.29 and its 200-day moving average is GBX 78.24. The company has a current ratio of 3.46, a quick ratio of 1.78 and a debt-to-equity ratio of 48.54. The stock has a market capitalization of £96.84 million, a PE ratio of -21.83 and a beta of 1.16.
Trifast Cuts Dividend
The business also recently declared 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. This represents a dividend yield of 0.77%. The ex-dividend date is Thursday, March 6th. Trifast's dividend payout ratio is presently -62.39%.
Insider Activity
In other news, insider Iain Percival bought 63,529 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost of GBX 78 ($1.01) per share, with a total value of £49,552.62 ($64,137.48). Also, insider Nicholas Mills purchased 100,000 shares of Trifast stock in a transaction dated Monday, January 27th. The shares were acquired at an average cost of GBX 80 ($1.04) per share, for a total transaction of £80,000 ($103,546.47). In the last three months, insiders have purchased 751,029 shares of company stock valued at $56,612,762. Company insiders own 13.71% of the company's stock.
About Trifast
(
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.
Further Reading
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
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
