Trifast (LON:TRI) Hits New 12-Month Low – Here’s What Happened

Trifast plc (LON:TRI)’s stock price reached a new 52-week low on Thursday . The stock traded as low as GBX 64 ($0.83) and last traded at GBX 65 ($0.84), with a volume of 25791 shares changing hands. The stock had previously closed at GBX 67 ($0.86).

Trifast Trading Down 3.9 %

The company has a quick ratio of 1.78, a current ratio of 3.46 and a debt-to-equity ratio of 48.54. The firm has a market cap of £85.77 million, a PE ratio of -19.34 and a beta of 1.16. The company’s 50 day moving average price is GBX 71.73 and its two-hundred day moving average price is GBX 77.76.

Trifast Cuts Dividend

The company also recently declared 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. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, March 6th. Trifast’s dividend payout ratio is currently -62.39%.

Insiders Place Their Bets

In other Trifast news, insider Nicholas Mills acquired 347,500 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was acquired at an average cost of GBX 69 ($0.89) per share, for a total transaction of £239,775 ($309,307.28). Also, insider Iain Percival purchased 63,529 shares of the stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average cost of GBX 78 ($1.01) per share, for a total transaction of £49,552.62 ($63,922.37). In the last ninety days, insiders acquired 751,029 shares of company stock valued at $56,612,762. 13.71% of the stock is owned by insiders.

Trifast Company Profile

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.