Trifast (LON:TRI) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Trifast plc (LON:TRI) shares have recently surpassed their 200-day moving average of GBX 70.07, trading as high as GBX 84.80.
• The company reported a negative return on equity of 3.47% and a negative net margin of 1.90% in its last earnings report.
• Insiders are actively purchasing shares, with notable transactions including 500,000 shares bought by insider Nicholas Mills at an average price of GBX 66 per share.

Trifast plc (LON:TRI - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 70.07 ($0.94) and traded as high as GBX 84.80 ($1.14). Trifast shares last traded at GBX 80 ($1.07), with a volume of 94,268 shares.

Trifast Trading Down 1.3%

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 firm has a 50-day moving average of GBX 70.95 and a 200 day moving average of GBX 69.88. The company has a market cap of £107.91 million, a P/E ratio of -24.33 and a beta of 1.16.

Trifast (LON:TRI - Get Free Report) last released its earnings results on Thursday, July 10th. The company reported GBX 4.31 ($0.06) earnings per share (EPS) for the quarter. Trifast had a negative return on equity of 3.47% and a negative net margin of 1.90%. On average, analysts predict that Trifast plc will post 5.8002937 earnings per share for the current fiscal year.

Insider Activity

In other Trifast news, insider Nicholas Mills purchased 500,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was purchased at an average price of GBX 66 ($0.89) per share, for a total transaction of £330,000 ($443,250.50). Also, insider Serena Lang purchased 31,184 shares of the business's stock in a transaction on Friday, July 25th. The shares were bought at an average cost of GBX 72 ($0.97) per share, with a total value of £22,452.48 ($30,157.80). 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.