Trifast (LON:TRI) Posts Quarterly Earnings Results

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

Trifast Stock Performance

Trifast stock opened at GBX 68.85 on Thursday. Trifast has a 1-year low of GBX 56.20 and a 1-year high of GBX 88.80. The company has a current ratio of 3.82, a quick ratio of 1.78 and a debt-to-equity ratio of 69.36. The firm has a market capitalization of £92.93 million, a PE ratio of 79.13 and a beta of 0.68. The firm’s 50 day simple moving average is GBX 66.19 and its 200 day simple moving average is GBX 70.27.

Insider Transactions at Trifast

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their target price on shares of Trifast from GBX 130 to GBX 140 and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 140.

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.