Trifast (LON:TRI) Stock Price Passes Below 200-Day Moving Average of $76.72

Trifast plc (LON:TRI) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 76.72 ($0.95) and traded as low as GBX 74.55 ($0.92). Trifast shares last traded at GBX 76.40 ($0.94), with a volume of 221,665 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “hold” rating on shares of Trifast in a research note on Thursday, February 22nd.

Trifast Stock Performance

The stock has a market cap of £104.00 million, a price-to-earnings ratio of -2,546.67 and a beta of 1.15. The company has a current ratio of 3.91, a quick ratio of 1.78 and a debt-to-equity ratio of 60.56. The firm has a fifty day simple moving average of GBX 74.31 and a 200-day simple moving average of GBX 76.72.

Trifast Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were paid a dividend of GBX 0.60 ($0.01) per share. This represents a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, March 14th. Trifast’s dividend payout ratio (DPR) is presently -6,666.67%.

Insider Activity at Trifast

In other news, insider Nicholas Mills acquired 35,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was purchased at an average cost of GBX 74 ($0.91) per share, with a total value of £25,900 ($31,991.11). In related news, insider Laura Whyte purchased 19,500 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were bought at an average price of GBX 74 ($0.91) per share, with a total value of £14,430 ($17,823.62). Also, insider Nicholas Mills acquired 35,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were bought at an average cost of GBX 74 ($0.91) per share, with a total value of £25,900 ($31,991.11). Insiders have bought a total of 59,500 shares of company stock worth $4,403,000 over the last 90 days. Insiders own 14.17% of the company’s stock.

About Trifast

Trifast plc, together with its subsidiaries, engages in the design, engineering, manufacture, and distribution of industrial fasteners and category C components in the United Kingdom, Europe, North America, and Asia. It also offers screws and bolts, nuts, washers, circlips, seals, rings, plastic and enclosure hardware, cable glands, security fasteners, spacers and pillars, tooling and driver bits, and other hardware products, as well as fasteners for sheet metal and plastic.