Trifast (LON:TRI) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Trifast plc (LON:TRI)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 72.99 and traded as low as GBX 63.40. Trifast shares last traded at GBX 65, with a volume of 58,831 shares trading hands.

Analyst Upgrades and Downgrades

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

Trifast Stock Performance

The company has a debt-to-equity ratio of 69.36, a current ratio of 3.82 and a quick ratio of 1.78. The firm has a fifty day moving average price of GBX 68.44 and a two-hundred day moving average price of GBX 72.99. The stock has a market capitalization of £87.73 million, a PE ratio of 74.71 and a beta of 0.73.

Insider Activity at Trifast

In other Trifast news, insider Clive Watson purchased 973 shares of Trifast stock in a transaction dated Thursday, April 16th. The shares were purchased at an average cost of GBX 71 per share, for a total transaction of £690.83. Also, insider Iain Percival purchased 4,621 shares of Trifast stock in a transaction dated Thursday, April 16th. The stock was acquired at an average price of GBX 68 per share, for a total transaction of £3,142.28. Over the last quarter, insiders bought 129,351 shares of company stock worth $10,283,871. 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.