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Trifast (LON:TRI) Stock Crosses Below 200 Day Moving Average - Here's Why

Trifast logo with Industrials background

Trifast plc (LON:TRI - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 71.55 ($0.98) and traded as low as GBX 67.80 ($0.93). Trifast shares last traded at GBX 69.60 ($0.95), with a volume of 47,185 shares traded.

Trifast Stock Performance

The stock's 50-day simple moving average is GBX 67.58 and its 200-day simple moving average is GBX 71.55. The company has a current ratio of 3.46, a quick ratio of 1.78 and a debt-to-equity ratio of 48.54. The stock has a market cap of £96.84 million, a price-to-earnings ratio of -21.83 and a beta of 1.16.

Trifast Cuts Dividend

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

Insider Buying and Selling at Trifast

In related news, insider Clive Watson purchased 20,000 shares of the business's stock in a transaction on Thursday, April 10th. The stock was acquired at an average price of GBX 62 ($0.85) per share, for a total transaction of £12,400 ($16,923.71). Company insiders own 13.71% of the company's stock.

About Trifast

(Get Free Report)

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.

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