Trifast plc, together with its subsidiaries, engages in the design, engineering, manufacture, and distribution of industrial fasteners and category C components in the United Kingdom, Europe, North America, and Asia. The company offers screws and bolts, nuts, washers, circlips, seals, rings, plastic and enclosure hardware, cable glands, security fasteners, spacers and pillars, tooling and driver bits, and other hardware products, as well as fasteners for sheet metal and plastic. It serves light and heavy vehicle, health and home, energy, tech, infrastructure, general, and distributor industries. Trifast plc was founded in 1973 and is headquartered in Uckfield, the United Kingdom.
Analysts Set New Price Targets
Separately, Shore Capital restated a "buy" rating on shares of Trifast in a research note on Tuesday, July 26th.
Trifast Trading Down 3.2 %
LON:TRI traded down GBX 3 ($0.04) during trading hours on Wednesday, hitting GBX 92 ($1.11). 2,478 shares of the company were exchanged, compared to its average volume of 198,273. The stock has a 50-day moving average price of GBX 97.24 and a 200 day moving average price of GBX 112.14. The company has a quick ratio of 1.72, a current ratio of 3.47 and a debt-to-equity ratio of 46.15. Trifast has a 52 week low of GBX 89 ($1.08) and a 52 week high of GBX 165.50 ($2.00). The stock has a market cap of £125.22 million and a PE ratio of 1,357.14.
Trifast Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 15th will be paid a dividend of GBX 1.40 ($0.02) per share. This is a boost from Trifast's previous dividend of $0.70. This represents a yield of 1.54%. The ex-dividend date of this dividend is Thursday, September 15th. Trifast's payout ratio is presently 32.86%.