Trifast (LON:TRI) Shares Pass Below 200 Day Moving Average – What’s Next?

Trifast plc (LON:TRI) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 80.51 ($1.01) and traded as low as GBX 75.20 ($0.95). Trifast shares last traded at GBX 75.20 ($0.95), with a volume of 49,486 shares changing hands.

Trifast Trading Up 6.4 %

The business has a 50-day moving average of GBX 80.73 and a 200 day moving average of GBX 80.51. The stock has a market cap of £110.68 million, a PE ratio of -24.95 and a beta of 1.16. The company has a debt-to-equity ratio of 48.54, a quick ratio of 1.78 and a current ratio of 3.46.

Trifast (LON:TRI) last released its quarterly earnings results on Tuesday, November 19th. The company reported GBX 2.94 ($0.04) earnings per share (EPS) for the quarter. Trifast had a negative net margin of 1.90% and a negative return on equity of 3.47%. Equities research analysts predict that Trifast plc will post 5.8002937 EPS for the current fiscal year.

Trifast Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 6th will be paid 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 currently -62.39%.

Insiders Place Their Bets

In related news, insider Nicholas Mills acquired 240,000 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was bought at an average price of GBX 82 ($1.03) per share, with a total value of £196,800 ($247,640.62). Also, insider Iain Percival acquired 63,529 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of GBX 78 ($0.98) per share, for a total transaction of £49,552.62 ($62,353.87). Insiders have acquired 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.

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.