Trifast plc (LON:TRI - Get Free Report)'s share price rose 8.2% during trading on Tuesday . The stock traded as high as GBX 75 ($1.02) and last traded at GBX 69 ($0.94). 2,030,342 shares changed hands during trading, an increase of 1,407% from the average session volume of 134,709 shares. The stock had previously closed at GBX 63.80 ($0.87).
Trifast Trading Up 8.2%
The company has a market cap of £95.46 million, a price-to-earnings ratio of -21.52 and a beta of 1.16. The company's fifty day moving average price is GBX 66.84 and its two-hundred day moving average price is GBX 72.21. The company has a quick ratio of 1.78, a current ratio of 3.46 and a debt-to-equity ratio of 48.54.
Trifast Cuts Dividend
The firm also recently announced 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 of this dividend was Thursday, March 6th. Trifast's dividend payout ratio is presently -62.39%.
Insider Buying and Selling at Trifast
In related news, insider Clive Watson acquired 20,000 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average cost of GBX 62 ($0.84) per share, for a total transaction of £12,400 ($16,879.93). Also, insider Nicholas Mills acquired 347,500 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average price of GBX 69 ($0.94) per share, for a total transaction of £239,775 ($326,402.12). Insiders own 13.71% of the company's stock.
Trifast Company Profile
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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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