Trifast (LON:TRI - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Berenberg Bank in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 130 target price on the stock. Berenberg Bank's target price indicates a potential upside of 62.50% from the stock's current price.
Trifast Trading Down 2.4%
Trifast stock traded down GBX 2 during trading hours on Tuesday, reaching GBX 80. 4,870 shares of the company's stock were exchanged, compared to its average volume of 143,744. 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 firm's 50 day simple moving average is GBX 74.64 and its 200 day simple moving average is GBX 70.06. Trifast has a twelve month low of GBX 56 and a twelve month high of GBX 87. The firm has a market capitalization of £107.98 million, a PE ratio of 10,389.61 and a beta of 1.16.
Trifast (LON:TRI - Get Free Report) last issued its earnings results on Thursday, July 10th. The company reported GBX 4.31 EPS for the quarter. Trifast had a negative return on equity of 3.47% and a negative net margin of 1.90%. Research analysts predict that Trifast will post 5.8002937 earnings per share for the current year.
Insider Activity
In other Trifast news, insider Serena Lang purchased 31,184 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average price of GBX 72 per share, with a total value of £22,452.48. Also, insider Nicholas Mills purchased 500,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was acquired at an average cost of GBX 66 per share, for a total transaction of £330,000. Company insiders own 20.26% of the company's stock.
Trifast Company Profile
(
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About Trifast
In 2023, TR celebrated 50 years of business with a proud heritage of serving customers with engineered fastening supply chain solutions; Our skills lie in the design, engineering, manufacture, and distribution of high-quality engineered fastenings and Category 'C' components principally for major global assembly industries.
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