Trifast (LON:TRI) Stock Passes Below 200-Day Moving Average – Time to Sell?

Shares of Trifast plc (LON:TRI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 75.43 ($1.01) and traded as low as GBX 66 ($0.88). Trifast shares last traded at GBX 69.40 ($0.93), with a volume of 128,002 shares trading hands.

Trifast Price Performance

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 stock’s 50 day moving average price is GBX 66.13 and its two-hundred day moving average price is GBX 75.43. The stock has a market cap of £95.97 million, a price-to-earnings ratio of -21.64 and a beta of 1.16.

Trifast Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 6th were given a dividend of GBX 0.60 ($0.01) per share. This represents a yield of 0.77%. The ex-dividend date of this dividend was Thursday, March 6th. Trifast’s dividend payout ratio is currently -62.39%.

Insider Buying and Selling at Trifast

In other news, insider Clive Watson bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 10th. The stock was purchased at an average cost of GBX 62 ($0.83) per share, for a total transaction of £12,400 ($16,557.62). Also, insider Nicholas Mills purchased 347,500 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of GBX 69 ($0.92) per share, for a total transaction of £239,775 ($320,169.58). Company insiders own 13.71% of the company’s stock.

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.