Free Trial

Trifast (LON:TRI) Sets New 52-Week High - Time to Buy?

Trifast logo with Industrials background

Key Points

  • Trifast plc shares reached a new 52-week high of GBX 87 ($1.15), closing at GBX 83 ($1.10) with a trading volume of 181,652 shares.
  • The company has a debt-to-equity ratio of 48.54 and a negative return on equity of -3.47%, indicating potential financial concerns despite the stock price increase.
  • Insider buying activity includes Nicholas Mills purchasing 500,000 shares at GBX 66 ($0.88) and Serena Lang acquiring 31,184 shares at GBX 72 ($0.95), suggesting confidence in the company's future.
  • Five stocks to consider instead of Trifast.

Shares of Trifast plc (LON:TRI - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as GBX 87 ($1.15) and last traded at GBX 83 ($1.10), with a volume of 181652 shares changing hands. The stock had previously closed at GBX 80 ($1.06).

Trifast Stock Up 3.8%

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 business's fifty day simple moving average is GBX 69.03 and its two-hundred day simple moving average is GBX 70.10. The company has a market cap of £114.83 million, a PE ratio of -25.89 and a beta of 1.16.

Trifast (LON:TRI - Get Free Report) last announced its quarterly earnings data on Thursday, July 10th. The company reported GBX 4.31 ($0.06) earnings per share for the quarter. Trifast had a negative return on equity of 3.47% and a negative net margin of 1.90%. On average, analysts predict that Trifast plc will post 5.8002937 earnings per share for the current year.

Insider Buying and Selling at Trifast

In related news, insider Nicholas Mills purchased 500,000 shares of Trifast stock in a transaction on Thursday, July 10th. The shares were bought at an average price of GBX 66 ($0.88) per share, with a total value of £330,000 ($437,549.72). Also, insider Serena Lang acquired 31,184 shares of the stock in a transaction dated Friday, July 25th. The shares were acquired at an average cost of GBX 72 ($0.95) per share, with a total value of £22,452.48 ($29,769.93). 13.71% of the stock is currently owned by insiders.

Trifast Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Trifast Right Now?

Before you consider Trifast, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trifast wasn't on the list.

While Trifast currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines