Trifast (LON:TRI) Issues Earnings Results

Trifast (LON:TRI) posted its quarterly earnings results on Thursday. The company reported GBX 6.46 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Trifast had a net margin of 0.54% and a return on equity of 0.95%.

Trifast Stock Down 1.0%

Shares of LON:TRI opened at GBX 69.49 on Thursday. The firm has a 50 day simple moving average of GBX 66.19 and a 200 day simple moving average of GBX 70.27. Trifast has a 52 week low of GBX 56.20 and a 52 week high of GBX 88.80. 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 company has a market cap of £93.79 million, a PE ratio of 79.87 and a beta of 0.68.

Insider Activity at Trifast

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on Trifast from GBX 130 to GBX 140 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Trifast presently has an average rating of “Buy” and a consensus price target of GBX 140.

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.