Trifast (LON:TRI) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Trifast plc (LON:TRI) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 79.59 ($1.03) and traded as low as GBX 66.20 ($0.86). Trifast shares last traded at GBX 69 ($0.89), with a volume of 157,631 shares.

Trifast Stock Performance

The firm has a fifty day moving average price of GBX 77 and a 200 day moving average price of GBX 79.35. The company has a debt-to-equity ratio of 48.54, a quick ratio of 1.78 and a current ratio of 3.46. The stock has a market cap of £89.93 million, a PE ratio of -20.28 and a beta of 1.16.

Trifast Cuts Dividend

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

Insider Transactions at Trifast

In other news, insider Nicholas Mills bought 240,000 shares of Trifast stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average price of GBX 82 ($1.06) per share, for a total transaction of £196,800 ($255,219.82). Also, insider Iain Percival purchased 63,529 shares of the stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of GBX 78 ($1.01) per share, with a total value of £49,552.62 ($64,262.25). Over the last 90 days, insiders have acquired 403,529 shares of company stock worth $32,635,262. Insiders own 13.71% of the company’s stock.

About Trifast

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.