Trifast (LON:TRI) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Trifast plc's shares recently surpassed the 200-day moving average, closing at GBX 79 ($1.07), which marks a significant trading point for investors.
• Insiders have been actively buying shares, with notable purchases including 500,000 shares by Nicholas Mills at GBX 66 ($0.89) per share, indicating potential confidence in the company's future.
• The company's quarterly earnings showed a loss, with a reported negative return on equity of 3.47% and a prediction of 5.8002937 earnings per share for the year.

Trifast plc (LON:TRI - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 69.98 ($0.94) and traded as high as GBX 79 ($1.06). Trifast shares last traded at GBX 79 ($1.06), with a volume of 30,136 shares changing hands.

Trifast Stock Down 4.0%

The company has a market cap of £103.76 million, a P/E ratio of -23.39 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 company's 50-day moving average is GBX 72.73 and its two-hundred day moving average is GBX 70.02.

Trifast (LON:TRI - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The company reported GBX 4.31 earnings per share for the quarter. Trifast had a negative net margin of 1.90% and a negative return on equity of 3.47%. As a group, equities analysts predict that Trifast plc will post 5.8002937 earnings per share for the current fiscal year.

Insider Activity at Trifast

In other news, insider Nicholas Mills purchased 500,000 shares of Trifast stock in a transaction that occurred on Thursday, July 10th. The stock was bought at an average price of GBX 66 per share, with a total value of £330,000. Also, insider Serena Lang purchased 31,184 shares of Trifast stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average cost of GBX 72 per share, with a total value of £22,452.48. 13.71% of the stock is owned by company 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.