Trifast plc (LON:TRI)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $201.90 and traded as low as $175.00. Trifast shares last traded at $176.50, with a volume of 32,119 shares trading hands.
Several analysts have weighed in on TRI shares. Shore Capital reiterated a “buy” rating on shares of Trifast in a research note on Tuesday, November 19th. Peel Hunt reiterated a “buy” rating on shares of Trifast in a research note on Tuesday, November 19th. Finally, FinnCap reiterated a “corporate” rating on shares of Trifast in a research note on Tuesday, November 19th.
The company has a debt-to-equity ratio of 45.92, a quick ratio of 1.79 and a current ratio of 3.27. The company has a 50 day simple moving average of GBX 169.73 and a two-hundred day simple moving average of GBX 201.90. The firm has a market cap of $214.14 million and a PE ratio of 17.83.
The company also recently declared a dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 12th will be paid a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date is Thursday, March 12th. This represents a yield of 0.73%. Trifast’s payout ratio is presently 0.40%.
In other Trifast news, insider Glenda Roberts sold 53,209 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of GBX 198 ($2.59), for a total transaction of £105,353.82 ($137,663.43).
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.
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