Trifast (LON:TRI) Sets New 12-Month Low – Time to Sell?

Shares of Trifast plc (LON:TRI) reached a new 52-week low on Tuesday . The company traded as low as GBX 65 ($0.84) and last traded at GBX 65.20 ($0.84), with a volume of 46883 shares. The stock had previously closed at GBX 67.60 ($0.87).

Trifast Trading Down 3.6 %

The company has a debt-to-equity ratio of 48.54, a current ratio of 3.46 and a quick ratio of 1.78. The firm has a fifty day simple moving average of GBX 77.83 and a 200-day simple moving average of GBX 79.59. The firm has a market cap of £90.20 million, a P/E ratio of -20.34 and a beta of 1.16.

Trifast Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 6th will be issued a GBX 0.60 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a dividend yield of 0.77%. Trifast’s dividend payout ratio is currently -62.39%.

Insiders Place Their Bets

In other Trifast news, insider Iain Percival acquired 63,529 shares of Trifast stock in a transaction on Tuesday, February 4th. The stock was purchased at an average price of GBX 78 ($1.00) per share, for a total transaction of £49,552.62 ($63,798.92). Also, insider Nicholas Mills bought 100,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were acquired at an average cost of GBX 80 ($1.03) per share, with a total value of £80,000 ($102,999.87). In the last ninety days, insiders bought 403,529 shares of company stock valued at $32,635,262. Corporate insiders own 13.71% of the company’s stock.

About Trifast

About Trifast plc (LSE Main listing: symbol: TRI)
Founded in 1973, Trifast is a leading international specialist in the design, engineering, manufacture, and distribution of high-quality industrial fastenings. From locations across key regions in the UK & Ireland, Asia, Europe, and North America, the Group supplies customers in c.70 countries across a wide range of industries, including automotive, smart infrastructure and medical equipment.

Through our Engineering application expertise we deliver comprehensive support to our OEM and Tier 1 customers across every requirement, from concept design through to technical engineering consultancy, manufacturing, supply management and global logistics.