Trifast plc (LON:TRI – Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 76.72 ($0.95) and traded as low as GBX 74.55 ($0.92). Trifast shares last traded at GBX 76.40 ($0.94), with a volume of 221,665 shares changing hands.
Analysts Set New Price Targets
Separately, Shore Capital reiterated a “hold” rating on shares of Trifast in a report on Thursday, February 22nd.
Check Out Our Latest Analysis on TRI
Trifast Stock Up 2.1 %
Trifast Cuts Dividend
The business also recently announced a dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were given a GBX 0.60 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a yield of 0.86%. Trifast’s payout ratio is -6,666.67%.
Insider Buying and Selling at Trifast
In other news, insider Laura Whyte acquired 19,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was acquired at an average cost of GBX 74 ($0.91) per share, for a total transaction of £14,430 ($17,823.62). In other news, insider Laura Whyte purchased 19,500 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was acquired at an average price of GBX 74 ($0.91) per share, with a total value of £14,430 ($17,823.62). Also, insider Nicholas Mills acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were acquired at an average cost of GBX 74 ($0.91) per share, for a total transaction of £3,700 ($4,570.16). Insiders purchased 59,500 shares of company stock valued at $4,403,000 in the last quarter. Company insiders own 14.17% of the company’s stock.
About Trifast
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.
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