Trifast (LON:TRI) Share Price Passes Below 200 Day Moving Average – Here’s Why

Trifast plc (LON:TRI)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 71.73 and traded as low as GBX 64. Trifast shares last traded at GBX 64.22, with a volume of 186,334 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 130 target price on shares of Trifast in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 135.

Trifast Stock Performance

The stock has a market cap of £86.69 million, a PE ratio of 73.82 and a beta of 0.66. The company has a quick ratio of 1.78, a current ratio of 3.82 and a debt-to-equity ratio of 69.36. The firm has a 50 day moving average price of GBX 65.42 and a 200 day moving average price of GBX 71.73.

Insider Buying and Selling at Trifast

In other news, insider Clive Watson purchased 973 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were purchased at an average price of GBX 71 per share, for a total transaction of £690.83. Also, insider Iain Percival purchased 4,621 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were purchased at an average price of GBX 68 per share, for a total transaction of £3,142.28. Company insiders own 20.57% of the company’s stock.

Trifast Company Profile

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.