Trifast (LON:TRI) Share Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Trifast plc's stock price has recently surpassed its 200-day moving average of GBX 70.10, reaching a high of GBX 83 ($1.10) during trading.
• The company reported a negative return on equity of 3.47% and a net margin of -1.90%, with an EPS of GBX 4.31 ($0.06) announced on July 10.
• Insider purchases have occurred recently, with insider Nicholas Mills buying 500,000 shares at GBX 66 ($0.88), indicating potential confidence in the company's future.

Shares of Trifast plc (LON:TRI - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 70.10 ($0.93) and traded as high as GBX 83 ($1.10). Trifast shares last traded at GBX 80 ($1.06), with a volume of 711,456 shares trading hands.

Trifast Stock Performance

The firm's 50 day moving average price is GBX 69.57 and its two-hundred day moving average price is GBX 69.94. The company has a debt-to-equity ratio of 48.54, a quick ratio of 1.78 and a current ratio of 3.46. The firm has a market cap of £113.44 million, a PE ratio of -25.58 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 net margin of 1.90% and a negative return on equity of 3.47%. On average, research analysts forecast that Trifast plc will post 5.8002937 earnings per share for the current year.

Insider Activity

In other news, insider Serena Lang acquired 31,184 shares of Trifast stock in a transaction that occurred on 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 company's stock in a transaction dated Thursday, July 10th. The stock was acquired at an average cost of GBX 66 ($0.88) per share, with a total value of £330,000 ($438,188.82). 13.71% of the stock is owned by insiders.

About Trifast

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.