Trifast (LON:TRI) Stock Price Up 0.2% - Here's Why

Trifast plc (LON:TRI - Get Free Report)'s share price was up 0.2% during trading on Tuesday . The stock traded as high as GBX 82.40 ($1.05) and last traded at GBX 82 ($1.05). Approximately 25,707 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 149,446 shares. The stock had previously closed at GBX 81.80 ($1.04).

Trifast Trading Up 1.7 %

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 has a fifty day simple moving average of GBX 80.17 and a two-hundred day simple moving average of GBX 77.47. The firm has a market capitalization of £112.37 million, a P/E ratio of -2,780.00 and a beta of 1.16.

Trifast Cuts Dividend

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

About Trifast

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.