Trifast (LON:TRI) Hits New 12-Month Low – Here’s Why

Shares of Trifast plc (LON:TRI) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 64.20 ($0.84) and last traded at GBX 65.80 ($0.86), with a volume of 36090 shares trading hands. The stock had previously closed at GBX 65.80 ($0.86).

Trifast Stock Up 6.5 %

The company has a quick ratio of 1.78, a current ratio of 3.46 and a debt-to-equity ratio of 48.54. The business has a 50-day simple moving average of GBX 75.08 and a two-hundred day simple moving average of GBX 78.78. The stock has a market capitalization of £94.91 million, a P/E ratio of -21.40 and a beta of 1.16.

Trifast Cuts Dividend

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

Insider Activity

In other Trifast news, insider Iain Percival bought 63,529 shares of Trifast stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of GBX 78 ($1.01) per share, with a total value of £49,552.62 ($64,462.89). Also, insider Nicholas Mills acquired 240,000 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average price of GBX 82 ($1.07) per share, for a total transaction of £196,800 ($256,016.65). Over the last 90 days, insiders bought 403,529 shares of company stock worth $32,635,262. 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.