Trifast (LON:TRI) Sets New 52-Week Low – What’s Next?

Trifast plc (LON:TRI) reached a new 52-week low on Tuesday . The company traded as low as GBX 64.20 ($0.84) and last traded at GBX 65.80 ($0.86), with a volume of 36090 shares traded. The stock had previously closed at GBX 65.80 ($0.86).

Trifast Trading Up 6.5 %

The firm has a market capitalization of £94.91 million, a PE ratio of -21.40 and a beta of 1.16. The company has a fifty day moving average of GBX 75.08 and a 200-day moving average of GBX 78.78. The company has a debt-to-equity ratio of 48.54, a current ratio of 3.46 and a quick ratio of 1.78.

Trifast Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 6th will be given a dividend of GBX 0.60 ($0.01) per share. The ex-dividend date is Thursday, March 6th. This represents a yield of 0.77%. Trifast’s payout ratio is currently -62.39%.

Insider Activity at Trifast

In related news, insider Nicholas Mills bought 240,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of GBX 82 ($1.07) per share, with a total value of £196,800 ($256,016.65). Also, insider Iain Percival purchased 63,529 shares of Trifast stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost of GBX 78 ($1.01) per share, with a total value of £49,552.62 ($64,462.89). In the last three months, insiders have bought 403,529 shares of company stock worth $32,635,262. 13.71% of the stock is owned by insiders.

Trifast Company Profile

About Trifast plc (LSE Main listing: symbol: TRI)
Founded in 1973, Trifast is a leading international specialist in the design, engineering, manufacture, and distribution of high-quality industrial fastenings. From locations across key regions in the UK & Ireland, Asia, Europe, and North America, the Group supplies customers in c.70 countries across a wide range of industries, including automotive, smart infrastructure and medical equipment.

Through our Engineering application expertise we deliver comprehensive support to our OEM and Tier 1 customers across every requirement, from concept design through to technical engineering consultancy, manufacturing, supply management and global logistics.