Nicholas Mills Buys 240,000 Shares of Trifast plc (LON:TRI) Stock

Trifast plc (LON:TRI) insider Nicholas Mills acquired 240,000 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average price of GBX 82 ($1.02) per share, for a total transaction of £196,800 ($244,867.49).

Nicholas Mills also recently made the following trade(s):

• On Monday, January 27th, Nicholas Mills acquired 100,000 shares of Trifast stock. The shares were bought at an average cost of GBX 80 ($1.00) per share, for a total transaction of £80,000 ($99,539.63).

Trifast Stock Performance

Shares of LON TRI opened at GBX 77.20 ($0.96) on Wednesday. Trifast plc has a 12 month low of GBX 66.20 ($0.82) and a 12 month high of GBX 87 ($1.08). The company has a 50-day simple moving average of GBX 82.41 and a 200-day simple moving average of GBX 80.24. The company has a market cap of £104.02 million, a PE ratio of -2,573.33 and a beta of 1.16. The company has a debt-to-equity ratio of 48.54, a current ratio of 3.45 and a quick ratio of 1.78.

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

Trifast Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 6th will be given 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 currently -6,666.67%.

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.