Trifast plc (LON:TRI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 72.99 and traded as low as GBX 63.40. Trifast shares last traded at GBX 65, with a volume of 58,831 shares trading hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "buy" rating and set a GBX 130 price target on shares of Trifast in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of GBX 135.
View Our Latest Stock Report on TRI
Trifast Price Performance
The firm has a market capitalization of £87.73 million, a P/E ratio of 74.71 and a beta of 0.73. The firm has a 50 day moving average price of GBX 68.44 and a 200-day moving average price of GBX 72.99. The company has a current ratio of 3.82, a quick ratio of 1.78 and a debt-to-equity ratio of 69.36.
Insider Activity at Trifast
In related news, insider Clive Watson acquired 973 shares of the stock in a transaction dated Thursday, April 16th. The stock was acquired at an average cost of GBX 71 per share, with a total value of £690.83. Also, insider Iain Percival acquired 4,621 shares of the stock in a transaction dated Thursday, April 16th. The stock was bought at an average cost of GBX 68 per share, with a total value of £3,142.28. Insiders bought a total of 129,351 shares of company stock valued at $10,283,871 over the last ninety days. Corporate insiders own 20.57% of the company's stock.
About Trifast
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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.
As an international business we can provide customer support from across key regions in the UK & Ireland, Asia, Europe, and North America. In addition to our service locations, we operate manufacturing facilities focused on high volume cold forged fasteners and special parts.
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