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

Trifast plc (LON:TRI) reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 64.20 ($0.83) and last traded at GBX 65.80 ($0.85), with a volume of 36090 shares. The stock had previously closed at GBX 65.80 ($0.85).

Trifast Price Performance

The company’s 50-day moving average is GBX 75.81 and its 200 day moving average is GBX 78.98. 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 company has a market capitalization of £91.03 million, a PE ratio of -20.52 and a beta of 1.16.

Trifast Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Nicholas Mills acquired 100,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average cost of GBX 80 ($1.04) per share, for a total transaction of £80,000 ($103,909.60). Also, insider Iain Percival purchased 63,529 shares of Trifast stock in a transaction dated 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 ($64,362.41). Insiders bought 403,529 shares of company stock valued at $32,635,262 over the last three months. 13.71% of the stock is owned by company 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.