Trifast (LON:TRI) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Trifast plc (LON:TRI) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 80.36 ($1.00) and traded as low as GBX 75.20 ($0.94). Trifast shares last traded at GBX 75.20 ($0.94), with a volume of 19,647 shares changing hands.

Trifast Stock Performance

The company has a market capitalization of £101.32 million, a P/E ratio of -2,506.67 and a beta of 1.16. The company has a quick ratio of 1.78, a current ratio of 3.45 and a debt-to-equity ratio of 48.54. The stock has a fifty day simple moving average of GBX 81.36 and a 200-day simple moving average of GBX 80.36.

Trifast (LON:TRI) last announced its quarterly earnings data on Tuesday, November 19th. The company reported GBX 2.94 ($0.04) earnings per share (EPS) for the quarter. Trifast had a negative return on equity of 3.42% and a negative net margin of 1.90%. Equities analysts forecast that Trifast plc will post 5.8002937 EPS for the current year.

Trifast Cuts Dividend

The business also recently disclosed 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. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, March 6th. Trifast’s dividend payout ratio is currently -6,666.67%.

Insider Transactions at Trifast

In other Trifast news, insider Nicholas Mills purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were acquired at an average price of GBX 80 ($1.00) per share, for a total transaction of £80,000 ($99,614.00). Also, insider Iain Percival purchased 63,529 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of GBX 78 ($0.97) per share, for a total transaction of £49,552.62 ($61,701.68). Insiders have purchased a total of 403,529 shares of company stock worth $32,635,262 in the last 90 days. Corporate insiders own 13.71% of the company’s stock.

Trifast Company Profile

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.