Trifast (LON:TRI) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Shares of Trifast plc (LON:TRI - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 72.09 ($0.99) and traded as low as GBX 69 ($0.95). Trifast shares last traded at GBX 70 ($0.96), with a volume of 31,293 shares.

Trifast Stock Performance

The company has a market capitalization of £98.23 million, a price-to-earnings ratio of -22.15 and a beta of 1.16. 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 50-day simple moving average of GBX 67.25 and a 200-day simple moving average of GBX 71.77.

Trifast Cuts Dividend

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

Insider Buying and Selling at Trifast

In related news, insider Clive Watson bought 20,000 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were acquired at an average price of GBX 62 ($0.85) per share, for a total transaction of £12,400 ($17,028.29). 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.