Trifast (LON:TRI) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Trifast plc (LON:TRI) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 70.73 and traded as low as GBX 67.20. Trifast shares last traded at GBX 67.60, with a volume of 129,453 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 130 price objective on shares of Trifast in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 135.

Trifast Price Performance

The stock’s 50-day moving average is GBX 66.24 and its 200-day moving average is GBX 70.73. The stock has a market cap of £91.24 million, a P/E ratio of 77.70 and a beta of 0.68. The company has a current ratio of 3.82, a quick ratio of 1.78 and a debt-to-equity ratio of 69.36.

Insiders Place Their Bets

In related news, insider Clive Watson bought 973 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were acquired at an average price of GBX 71 per share, with a total value of £690.83. Also, insider Iain Percival bought 4,621 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were bought at an average cost of GBX 68 per share, for a total transaction of £3,142.28. Insiders own 21.70% 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.