Trifast’s (TRI) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of Trifast (LON:TRIGet Rating) in a report released on Tuesday, Marketbeat.com reports.

Trifast Stock Up 0.5 %

TRI opened at GBX 52.27 ($0.62) on Tuesday. The company has a 50 day moving average of GBX 69.18 and a 200 day moving average of GBX 87.28. The company has a market cap of £71.14 million and a PE ratio of 742.86. Trifast has a 12 month low of GBX 51 ($0.60) and a 12 month high of GBX 165.50 ($1.96). The company has a current ratio of 3.47, a quick ratio of 1.72 and a debt-to-equity ratio of 46.15.

Trifast Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 13th. Investors of record on Thursday, March 16th will be issued a GBX 0.75 ($0.01) dividend. This represents a yield of 1.29%. The ex-dividend date is Thursday, March 16th. Trifast’s dividend payout ratio (DPR) is presently 32.86%.

About Trifast

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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.

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