Trifast plc (LON:TRI - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 75.91 ($1.01) and traded as low as GBX 66.60 ($0.89). Trifast shares last traded at GBX 66.60 ($0.89), with a volume of 12,097 shares trading hands.
Trifast Stock Up 9.4 %
The company has a market capitalization of £96.84 million, a price-to-earnings ratio of -21.83 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's fifty day moving average price is GBX 66.78 and its 200-day moving average price is GBX 75.78.
Trifast Cuts Dividend
The company also recently declared a dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 6th were paid a dividend of GBX 0.60 ($0.01) per share. This represents a dividend yield of 0.77%. The ex-dividend date was Thursday, March 6th. Trifast's payout ratio is -62.39%.
Insider Activity
In other news, insider Nicholas Mills bought 347,500 shares of Trifast stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of GBX 69 ($0.92) per share, for a total transaction of £239,775 ($319,487.01). Also, insider Clive Watson acquired 20,000 shares of Trifast stock in a transaction on Thursday, April 10th. The stock was purchased at an average cost of GBX 62 ($0.83) per share, with a total value of £12,400 ($16,522.32). Insiders bought 431,029 shares of company stock valued at $30,172,762 over the last quarter. 13.71% of the stock is owned by company insiders.
Trifast Company Profile
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About Trifast plc (LSE Main listing: symbol: TRI)
Founded in 1973, Trifast is a leading international specialist in the design, engineering, manufacture, and distribution of high-quality industrial fastenings. From locations across key regions in the UK & Ireland, Asia, Europe, and North America, the Group supplies customers in c.70 countries across a wide range of industries, including automotive, smart infrastructure and medical equipment.
Through our Engineering application expertise we deliver comprehensive support to our OEM and Tier 1 customers across every requirement, from concept design through to technical engineering consultancy, manufacturing, supply management and global logistics.
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