Trifast (LON:TRI) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Trifast plc (LON:TRI)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 72.97 and traded as high as GBX 80.80. Trifast shares last traded at GBX 80, with a volume of 92,884 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TRI shares. Peel Hunt reaffirmed a “buy” rating and issued a GBX 140 target price on shares of Trifast in a research report on Tuesday, November 18th. Berenberg Bank restated a “buy” rating and issued a GBX 130 price objective on shares of Trifast in a report on Tuesday, November 18th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 135.

Trifast Price Performance

The firm has a fifty day moving average price of GBX 72.97 and a two-hundred day moving average price of GBX 76.49. The company has a quick ratio of 1.78, a current ratio of 3.46 and a debt-to-equity ratio of 48.54. The stock has a market capitalization of £107.98 million, a P/E ratio of 91.95 and a beta of 1.16.

Trifast (LON:TRI) last announced its quarterly earnings data on Tuesday, November 18th. The company reported GBX 1.09 EPS for the quarter. Trifast had a negative net margin of 1.90% and a negative return on equity of 3.47%. On average, analysts expect that Trifast plc will post 5.8002937 EPS for the current year.

Insider Buying and Selling at Trifast

In other news, insider Nicholas Mills purchased 20,000 shares of Trifast stock in a transaction that occurred on Wednesday, January 7th. The stock was bought at an average price of GBX 70 per share, with a total value of £14,000. 20.44% of the stock is owned by company insiders.

About Trifast

About Trifast
In 2023, TR celebrated 50 years of business with a proud heritage of serving customers with engineered fastening supply chain solutions; Our skills lie in the design, engineering, manufacture, and distribution of high-quality engineered fastenings and Category ‘C’ components principally for major global assembly industries.

As an international business we can provide customer support from across key regions in the UK & Ireland, Asia, Europe, and North America. In addition to our service locations, we operate manufacturing facilities focused on high volume cold forged fasteners and special parts.