Trifast (LON:TRI) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Trifast plc (LON:TRI)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 74.87 and traded as low as GBX 67.80. Trifast shares last traded at GBX 68, with a volume of 73,509 shares.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRI. Peel Hunt reissued a “buy” rating and issued a GBX 140 target price on shares of Trifast in a report on Tuesday, November 18th. Berenberg Bank reiterated a “buy” rating and issued a GBX 130 price objective on shares of Trifast in a research note on Tuesday, November 18th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Trifast has an average rating of “Buy” and a consensus price target of GBX 135.

Trifast Price Performance

The company has a market cap of £91.78 million, a price-to-earnings ratio of 88.31 and a beta of 1.16. The company has a fifty day simple moving average of GBX 77.67 and a two-hundred day simple moving average of GBX 74.87. The company has a quick ratio of 1.78, a current ratio of 3.46 and a debt-to-equity ratio of 48.54.

Trifast (LON:TRI) last released its quarterly earnings data on Tuesday, November 18th. The company reported GBX 1.09 EPS for the quarter. Trifast had a negative net margin of 1.90% and a negative return on equity of 3.47%. On average, equities research analysts anticipate that Trifast plc will post 5.8002937 earnings per share for the current fiscal year.

About Trifast

About Trifast
In 2023, TR celebrated 50 years of business with a proud heritage of serving customers with engineered fastening supply chain solutions; Our skills lie in the design, engineering, manufacture, and distribution of high-quality engineered fastenings and Category ‘C’ components principally for major global assembly industries.