Trifast (LON:TRI) Shares Pass Below 200 Day Moving Average of $213.09

Shares of Trifast plc (LON:TRI) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $213.09 and traded as low as $196.00. Trifast shares last traded at $196.50, with a volume of 133,819 shares changing hands.

A number of analysts have recently commented on TRI shares. Berenberg Bank boosted their target price on shares of Trifast from GBX 200 ($2.61) to GBX 235 ($3.07) and gave the company a “hold” rating in a report on Thursday, July 4th. Shore Capital restated a “buy” rating on shares of Trifast in a report on Friday, August 16th. FinnCap restated a “corporate” rating on shares of Trifast in a report on Tuesday, June 11th. Finally, Peel Hunt restated a “buy” rating on shares of Trifast in a report on Monday, July 22nd.

The stock has a 50-day simple moving average of GBX 200.90 and a two-hundred day simple moving average of GBX 213.13. The company has a debt-to-equity ratio of 32.50, a quick ratio of 1.10 and a current ratio of 1.90. The firm has a market cap of $238.34 million and a PE ratio of 19.75.

In other Trifast news, insider Glenda Roberts sold 100,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of GBX 192 ($2.51), for a total value of £192,000 ($250,882.01).

About Trifast (LON:TRI)

Trifast plc, together with its subsidiaries, designs, manufactures, and distributes mechanical fasteners and category C components to distributors and original equipment manufacturer assemblers. It offers screws and bolts, nuts, washers, circlips, seals, rings, spacers, pillars, security fasteners, pins and keys, tooling and driver bits, and fasteners for sheet metal and plastic, as well as enclosure, plastic, and other hardware products.

Further Reading: What is the return on assets (ROA) ratio?

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