Trifast (LON:TRI) Share Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Shares of Trifast plc (LON:TRI - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 71.55 ($0.97) and traded as low as GBX 67.80 ($0.92). Trifast shares last traded at GBX 69.60 ($0.95), with a volume of 47,185 shares.

Trifast Stock Performance

The company's 50 day moving average price is GBX 67.76 and its 200-day moving average price is GBX 71.29. 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 company has a market cap of £93.52 million, a PE ratio of -21.09 and a beta of 1.16.

Trifast Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 6th were paid a GBX 0.60 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a yield of 0.77%. Trifast's dividend payout ratio is -62.39%.

Insiders Place Their Bets

In other Trifast news, insider Clive Watson acquired 20,000 shares of Trifast stock in a transaction that occurred on Thursday, April 10th. The stock was acquired at an average cost of GBX 62 ($0.84) per share, for a total transaction of £12,400 ($16,856.99). 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.