Trifast (LON:TRI) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Trifast plc (LON:TRI)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 71.23 and traded as low as GBX 66.60. Trifast shares last traded at GBX 66.60, with a volume of 46,901 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 130 price target on shares of Trifast in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 135.

Trifast Stock Performance

The firm’s 50 day moving average price is GBX 65.36 and its two-hundred day moving average price is GBX 71.23. The company has a debt-to-equity ratio of 69.36, a quick ratio of 1.78 and a current ratio of 3.82. The firm has a market cap of £89.89 million, a PE ratio of 76.55 and a beta of 0.66.

Insider Buying and Selling

In related news, insider Iain Percival acquired 4,621 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was purchased at an average price of GBX 68 per share, with a total value of £3,142.28. Also, insider Clive Watson acquired 973 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were bought at an average cost of GBX 71 per share, with a total value of £690.83. Company insiders own 20.57% of the company’s stock.

Trifast Company Profile

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.

As an international business we can provide customer support from across key regions in the UK & Ireland, Asia, Europe, and North America. In addition to our service locations, we operate manufacturing facilities focused on high volume cold forged fasteners and special parts.