Trifast (LON:TRI) Shares Pass Below 200 Day Moving Average of $76.63

Trifast plc (LON:TRI) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 76.63 ($0.96) and traded as low as GBX 71.40 ($0.90). Trifast shares last traded at GBX 71.40 ($0.90), with a volume of 551,110 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “hold” rating on shares of Trifast in a research note on Thursday, February 22nd.

Trifast Stock Up 6.3 %

The company has a quick ratio of 1.78, a current ratio of 3.91 and a debt-to-equity ratio of 60.56. The business has a 50-day simple moving average of GBX 74.23 and a two-hundred day simple moving average of GBX 76.63. The stock has a market capitalization of £103.32 million, a P/E ratio of -2,380.00 and a beta of 1.15.

Trifast Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were issued a GBX 0.60 ($0.01) dividend. This represents a dividend yield of 0.86%. The ex-dividend date was Thursday, March 14th. Trifast’s payout ratio is -6,666.67%.

Insider Activity at Trifast

In other news, insider Laura Whyte acquired 19,500 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were purchased at an average cost of GBX 74 ($0.93) per share, with a total value of £14,430 ($18,128.14). In other Trifast news, insider Nicholas Mills bought 5,000 shares of the stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of GBX 74 ($0.93) per share, for a total transaction of £3,700 ($4,648.24). Also, insider Laura Whyte purchased 19,500 shares of Trifast stock in a transaction that occurred on Wednesday, March 20th. The shares were bought at an average price of GBX 74 ($0.93) per share, for a total transaction of £14,430 ($18,128.14). Insiders bought 59,500 shares of company stock valued at $4,403,000 in the last ninety days. Insiders own 14.01% of the company’s stock.

About Trifast

Trifast plc, together with its subsidiaries, engages in the design, engineering, manufacture, and distribution of industrial fasteners and category C components in the United Kingdom, Europe, North America, and Asia. It also offers screws and bolts, nuts, washers, circlips, seals, rings, plastic and enclosure hardware, cable glands, security fasteners, spacers and pillars, tooling and driver bits, and other hardware products, as well as fasteners for sheet metal and plastic.