Trifast (LON:TRI) Sets New 1-Year Low – Time to Sell?

Trifast plc (LON:TRI)’s share price hit 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. The stock had previously closed at GBX 67 ($0.86).

Trifast Trading Down 3.9 %

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

Trifast Cuts Dividend

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

Insider Buying and Selling

In other Trifast news, insider Nicholas Mills purchased 240,000 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was purchased at an average price of GBX 82 ($1.06) per share, for a total transaction of £196,800 ($253,869.97). Also, insider Iain Percival bought 63,529 shares of Trifast stock in a transaction that occurred on 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). Over the last 90 days, insiders purchased 751,029 shares of company stock worth $56,612,762. 13.71% of the stock is owned by corporate 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.