Trifast (LON:TRI) Sets New 12-Month Low – Should You Sell?

Trifast plc (LON:TRI)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 65 ($0.84) and last traded at GBX 65.20 ($0.84), with a volume of 46883 shares changing hands. The stock had previously closed at GBX 67.60 ($0.88).

Trifast Stock Performance

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’s 50-day simple moving average is GBX 77 and its 200 day simple moving average is GBX 79.35. The company has a market capitalization of £91.00 million, a PE ratio of -20.52 and a beta of 1.16.

Trifast Cuts Dividend

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

Insider Activity at Trifast

In other news, insider Iain Percival bought 63,529 shares of Trifast stock in a transaction dated Tuesday, February 4th. The stock was bought at an average price of GBX 78 ($1.01) per share, for a total transaction of £49,552.62 ($64,187.33). Also, insider Nicholas Mills bought 240,000 shares of Trifast stock in a transaction dated Friday, January 24th. The stock was purchased at an average price of GBX 82 ($1.06) per share, with a total value of £196,800 ($254,922.28). Insiders have purchased 403,529 shares of company stock valued at $32,635,262 in the last ninety days. Insiders own 13.71% of the company’s stock.

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.