Trifast (LON:TRI) Issues Earnings Results

Trifast (LON:TRI) released 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

TRI traded down GBX 0.20 during trading on Thursday, reaching GBX 70. 8,394,018 shares of the company were exchanged, compared to its average volume of 286,268. The firm has a 50 day moving average of GBX 66.19 and a 200 day moving average of GBX 70.27. The stock has a market cap of £94.48 million, a P/E ratio of 80.46 and a beta of 0.68. The company has a current ratio of 3.82, a quick ratio of 1.78 and a debt-to-equity ratio of 69.36. Trifast has a 52 week low of GBX 56.20 and a 52 week high of GBX 88.80.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted 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.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 140.

Insider Activity at Trifast

In related news, insider Clive Watson acquired 973 shares of Trifast stock in a transaction dated Thursday, April 16th. The stock was acquired at an average cost of GBX 71 per share, with a total value of £690.83. Also, insider Iain Percival bought 4,621 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were bought at an average cost of GBX 68 per share, for a total transaction of £3,142.28. 21.70% of the stock is owned by company insiders.

About Trifast

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.