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

Trifast plc (LON:TRI)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 79.59 ($1.02) and traded as low as GBX 66.20 ($0.85). Trifast shares last traded at GBX 69 ($0.89), with a volume of 157,631 shares.

Trifast Price Performance

The stock’s 50 day moving average price is GBX 77.83 and its two-hundred day moving average price is GBX 79.59. The company has a debt-to-equity ratio of 48.54, a current ratio of 3.46 and a quick ratio of 1.78. The firm has a market capitalization of £95.46 million, a price-to-earnings ratio of -21.52 and a beta of 1.16.

Trifast Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 6th will be paid a GBX 0.60 ($0.01) dividend. This represents a dividend yield of 0.77%. The ex-dividend date is Thursday, March 6th. Trifast’s payout ratio is -62.39%.

Insider Transactions at Trifast

In related news, insider Iain Percival bought 63,529 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average price of GBX 78 ($1.00) per share, with a total value of £49,552.62 ($63,798.92). Also, insider Nicholas Mills bought 240,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average cost of GBX 82 ($1.06) per share, for a total transaction of £196,800 ($253,379.68). Over the last three months, insiders bought 403,529 shares of company stock worth $32,635,262. 13.71% of the stock is owned by insiders.

About Trifast

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.