Trifast (LON:TRI) Hits New 1-Year High - Here's Why

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.

Trifast plc (LON:TRI - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as GBX 87 ($1.16) and last traded at GBX 83 ($1.10), with a volume of 181652 shares trading hands. The stock had previously closed at GBX 80 ($1.06).

Trifast Stock Performance

The firm has a market capitalization of £114.21 million, a PE ratio of -25.75 and a beta of 1.16. 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 firm has a fifty day moving average price of GBX 69.57 and a 200 day moving average price of GBX 69.94.

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

Insider Transactions at Trifast

In related news, insider Serena Lang acquired 31,184 shares of the stock in a transaction dated Friday, July 25th. The shares were acquired at an average price of GBX 72 ($0.96) per share, with a total value of £22,452.48 ($29,813.41). Also, insider Nicholas Mills acquired 500,000 shares of the stock in a transaction dated Thursday, July 10th. The shares were bought at an average cost of GBX 66 ($0.88) per share, for a total transaction of £330,000 ($438,188.82). Corporate insiders own 13.71% of the company's stock.

Trifast Company Profile

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.