Insider Buying: Trifast plc (LON:TRI) Insider Acquires 35,000 Shares of Stock

Trifast plc (LON:TRI) insider Nicholas Mills purchased 35,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was acquired at an average cost of GBX 74 ($0.92) per share, for a total transaction of £25,900 ($32,242.00).

Nicholas Mills also recently made the following trade(s):

• On Friday, April 12th, Nicholas Mills purchased 5,000 shares of Trifast stock. The stock was acquired at an average cost of GBX 74 ($0.92) per share, for a total transaction of £3,700 ($4,606.00).

Trifast Price Performance

Shares of TRI stock opened at GBX 74.40 ($0.93) on Tuesday. The stock’s fifty day simple moving average is GBX 74.03 and its 200 day simple moving average is GBX 76.84. The company has a debt-to-equity ratio of 60.56, a current ratio of 3.91 and a quick ratio of 1.78. The firm has a market cap of £101.27 million, a price-to-earnings ratio of -2,480.00 and a beta of 1.15. Trifast plc has a one year low of GBX 62 ($0.77) and a one year high of GBX 97.62 ($1.22).

Trifast Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were paid a GBX 0.60 ($0.01) dividend. This represents a yield of 0.86%. The ex-dividend date of this dividend was Thursday, March 14th. Trifast’s dividend payout ratio is -6,666.67%.

Analysts Set New Price Targets

Separately, Shore Capital restated a “hold” rating on shares of Trifast in a research report on Thursday, February 22nd.

Trifast Company Profile

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. It also 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.