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

Trifast plc (LON:TRI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 70.43 and traded as low as GBX 67.20. Trifast shares last traded at GBX 67.20, with a volume of 8,618 shares changing hands.

Wall Street Analysts Forecast Growth

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

Trifast Price Performance

The company has a market capitalization of £90.70 million, a price-to-earnings ratio of 77.24 and a beta of 0.68. The firm’s 50 day moving average price is GBX 66.30 and its two-hundred day moving average price is GBX 70.43. The company has a current ratio of 3.82, a quick ratio of 1.78 and a debt-to-equity ratio of 69.36.

Insider Transactions at Trifast

In other Trifast news, insider Iain Percival purchased 4,621 shares of the stock in a transaction on Thursday, April 16th. The shares were purchased at an average price of GBX 68 per share, with a total value of £3,142.28. Also, insider Clive Watson purchased 973 shares of the stock in a transaction on Thursday, April 16th. The shares were acquired at an average cost of GBX 71 per share, for a total transaction of £690.83. Company 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.