Trifast (LON:TRI) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Trifast plc (LON:TRI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 78.45 ($1.02) and traded as low as GBX 70 ($0.91). Trifast shares last traded at GBX 70 ($0.91), with a volume of 394,732 shares traded.

Trifast Stock Performance

The company has a market capitalization of £96.84 million, a P/E ratio of -21.83 and a beta of 1.16. The company has a fifty day moving average price of GBX 74.06 and a two-hundred day moving average price of GBX 78.45. The company has a debt-to-equity ratio of 48.54, a current ratio of 3.46 and a quick ratio of 1.78.

Trifast Cuts Dividend

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

Insider Transactions at Trifast

In other news, insider Iain Percival bought 63,529 shares of Trifast stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average price of GBX 78 ($1.01) per share, for a total transaction of £49,552.62 ($64,154.09). Also, insider Nicholas Mills purchased 240,000 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average cost of GBX 82 ($1.06) per share, with a total value of £196,800 ($254,790.26). Insiders purchased a total of 403,529 shares of company stock valued at $32,635,262 in the last quarter. 13.71% of the stock is currently owned by company insiders.

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.