Trifast (LON:TRI) Posts Earnings Results

Trifast (LON:TRI) issued its quarterly earnings results on Thursday. The company reported GBX 6.46 earnings per share for the quarter, Digital Look Earnings reports. Trifast had a net margin of 0.54% and a return on equity of 0.95%.

Trifast Stock Performance

LON:TRI traded up GBX 1.80 during trading hours on Thursday, hitting GBX 72. 8,471,933 shares of the company were exchanged, compared to its average volume of 286,891. The company has a debt-to-equity ratio of 69.36, a current ratio of 3.82 and a quick ratio of 1.78. Trifast has a 52-week low of GBX 56.20 and a 52-week high of GBX 88.80. The stock has a market capitalization of £97.18 million, a price-to-earnings ratio of 82.76 and a beta of 0.68. The company’s 50 day moving average price is GBX 66.19 and its 200-day moving average price is GBX 70.27.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price target on shares of Trifast from GBX 130 to GBX 140 and gave the company a “buy” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 140.

Insider Transactions at Trifast

In related news, insider Iain Percival purchased 4,621 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were purchased at an average price of GBX 68 per share, with a total value of £3,142.28. Also, insider Clive Watson bought 973 shares of the stock in a transaction on Thursday, April 16th. The shares were acquired at an average cost of GBX 71 per share, for a total transaction of £690.83. Insiders own 21.70% of the company’s stock.

Trifast Company Profile

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.

As an international business we can provide customer support from across key regions in the UK & Ireland, Asia, Europe, and North America. In addition to our service locations, we operate manufacturing facilities focused on high volume cold forged fasteners and special parts.