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

Trifast plc (LON:TRI)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Trifast Stock Performance

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 stock has a market cap of £96.84 million, a P/E ratio of -21.83 and a beta of 1.16. The firm’s 50 day moving average price is GBX 73.54 and its 200-day moving average price is GBX 78.33.

Trifast Cuts Dividend

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

Insider Buying and Selling at Trifast

In related news, insider Iain Percival acquired 63,529 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average cost of GBX 78 ($1.01) per share, with a total value of £49,552.62 ($64,154.09). Also, insider Nicholas Mills acquired 347,500 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of GBX 69 ($0.89) per share, with a total value of £239,775 ($310,428.53). Insiders have purchased a total of 751,029 shares of company stock worth $56,612,762 over the last ninety days. Company insiders own 13.71% of the company’s stock.

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.