Trifast (LON:TRI) Shares Pass Below 200 Day Moving Average – Time to Sell?

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 70.92 and traded as low as GBX 65.60. Trifast shares last traded at GBX 66.40, with a volume of 41,174 shares traded.

Analyst Upgrades and Downgrades

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

Trifast Stock Performance

The company has a debt-to-equity ratio of 69.36, a current ratio of 3.82 and a quick ratio of 1.78. The stock has a fifty day moving average price of GBX 66.14 and a two-hundred day moving average price of GBX 70.92. The company has a market cap of £90.27 million, a P/E ratio of 76.87 and a beta of 0.66.

Insider Buying and Selling at Trifast

In other Trifast news, insider Clive Watson purchased 973 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was bought at an average price of GBX 71 per share, with a total value of £690.83. Also, insider Iain Percival purchased 4,621 shares of the stock in a transaction dated Thursday, April 16th. The shares were acquired at an average cost of GBX 68 per share, for a total transaction of £3,142.28. 21.70% of the stock is owned by insiders.

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.