Trifast (LON:TRI) Trading 0.2% Higher – Still a Buy?

Trifast plc (LON:TRI)’s stock price shot up 0.2% during mid-day trading on Tuesday . The stock traded as high as GBX 82.40 ($1.05) and last traded at GBX 82 ($1.05). 25,707 shares were traded during mid-day trading, a decline of 83% from the average session volume of 149,446 shares. The stock had previously closed at GBX 81.80 ($1.05).

Trifast Price Performance

The company has a debt-to-equity ratio of 48.54, a quick ratio of 1.78 and a current ratio of 3.45. The stock’s fifty day moving average price is GBX 80.07 and its 200-day moving average price is GBX 77.37. The firm has a market cap of £110.49 million, a PE ratio of -2,733.33 and a beta of 1.16.

Trifast Cuts Dividend

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

About Trifast

Trifast plc, together with its subsidiaries, engages in the design, engineering, manufacture, and distribution of industrial fasteners and category C components in the United Kingdom, Europe, North America, and Asia. It also offers screws and bolts, nuts, washers, circlips, seals, rings, plastic and enclosure hardware, cable glands, security fasteners, spacers and pillars, tooling and driver bits, and other hardware products, as well as fasteners for sheet metal and plastic.