Trifast (LON:TRI) Shares Pass Below 200 Day Moving Average of $76.63

Trifast plc (LON:TRI)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 76.63 ($0.96) and traded as low as GBX 71.40 ($0.90). Trifast shares last traded at GBX 71.40 ($0.90), with a volume of 551,110 shares changing hands.

Wall Street Analyst Weigh In

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

Trifast Stock Performance

The company has a current ratio of 3.91, a quick ratio of 1.78 and a debt-to-equity ratio of 60.56. The company has a market cap of £103.32 million, a P/E ratio of -2,380.00 and a beta of 1.15. The company has a 50 day moving average price of GBX 74.23 and a 200-day moving average price of GBX 76.63.

Trifast Cuts Dividend

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

Insider Activity

In other news, insider Laura Whyte acquired 19,500 shares of the stock in a transaction dated Wednesday, March 20th. The stock was bought at an average price of GBX 74 ($0.93) per share, with a total value of £14,430 ($18,128.14). In related news, insider Nicholas Mills bought 5,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were purchased at an average cost of GBX 74 ($0.93) per share, with a total value of £3,700 ($4,648.24). Also, insider Laura Whyte purchased 19,500 shares of Trifast stock in a transaction on Wednesday, March 20th. The stock was bought at an average price of GBX 74 ($0.93) per share, for a total transaction of £14,430 ($18,128.14). Over the last three months, insiders have bought 59,500 shares of company stock valued at $4,403,000. 14.01% of the stock is currently owned by corporate insiders.

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.