Trifast (LON:TRI) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Trifast plc (LON:TRI)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 71.55 ($0.98) and traded as low as GBX 67.80 ($0.93). Trifast shares last traded at GBX 69.60 ($0.95), with a volume of 47,185 shares trading hands.

Trifast Trading Up 0.6%

The company has a debt-to-equity ratio of 48.54, a quick ratio of 1.78 and a current ratio of 3.46. The firm has a 50 day simple moving average of GBX 67.58 and a two-hundred day simple moving average of GBX 71.55. The firm has a market capitalization of £96.84 million, a P/E ratio of -21.83 and a beta of 1.16.

Trifast Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 6th were given a dividend of GBX 0.60 ($0.01) per share. This represents a dividend yield of 0.77%. The ex-dividend date was Thursday, March 6th. Trifast’s payout ratio is currently -62.39%.

Insider Buying and Selling at Trifast

In other news, insider Clive Watson purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The shares were bought at an average cost of GBX 62 ($0.85) per share, with a total value of £12,400 ($16,923.71). 13.71% of the stock is owned by insiders.

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.