Trifast (LON:TRI) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Trifast plc (LON:TRI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 74.48 and traded as low as GBX 64.40. Trifast shares last traded at GBX 64.40, with a volume of 100,428 shares.

Trifast Price Performance

The company has a debt-to-equity ratio of 69.36, a quick ratio of 1.78 and a current ratio of 3.82. The stock has a market cap of £91.73 million, a price-to-earnings ratio of 78.11 and a beta of 0.66. The business’s fifty day simple moving average is GBX 72.95 and its 200 day simple moving average is GBX 74.48.

Insider Activity

In other Trifast news, insider Iain Percival acquired 123,757 shares of the company’s stock in a transaction that occurred on Monday, February 16th. The shares were purchased at an average price of GBX 80 per share, for a total transaction of £99,005.60. Corporate insiders own 20.57% of the company’s stock.

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.