Trifast (LON:TRI) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Trifast plc (LON:TRI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 74.45 and traded as high as GBX 78.40. Trifast shares last traded at GBX 77.80, with a volume of 84,207 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 130 price objective on shares of Trifast in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Trifast presently has an average rating of “Buy” and a consensus target price of GBX 130.

Trifast Price Performance

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 company has a market cap of £105.82 million, a P/E ratio of 101.82 and a beta of 1.16. The firm’s fifty day moving average is GBX 79.74 and its two-hundred day moving average is GBX 74.45.

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.