Trifast plc (LON:TRI) Insider Purchases £196,800 in Stock

Trifast plc (LON:TRI) insider Nicholas Mills bought 240,000 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were purchased at an average price of GBX 82 ($1.02) per share, for a total transaction of £196,800 ($245,019.92).

Nicholas Mills also recently made the following trade(s):

• On Monday, January 27th, Nicholas Mills purchased 100,000 shares of Trifast stock. The stock was acquired at an average cost of GBX 80 ($1.00) per share, for a total transaction of £80,000 ($99,601.59).

Trifast Trading Up 0.5 %

Shares of TRI opened at GBX 77.60 ($0.97) on Thursday. Trifast plc has a 1 year low of GBX 66.20 ($0.82) and a 1 year high of GBX 87 ($1.08). The company has a 50 day simple moving average of GBX 82.37 and a two-hundred day simple moving average of GBX 80.28. The company has a debt-to-equity ratio of 48.54, a current ratio of 3.45 and a quick ratio of 1.78. The firm has a market cap of £104.56 million, a P/E ratio of -2,586.67 and a beta of 1.16.

Trifast (LON:TRI) last announced its quarterly earnings results on Tuesday, November 19th. The company reported GBX 2.94 ($0.04) earnings per share (EPS) for the quarter. Trifast had a negative net margin of 1.90% and a negative return on equity of 3.42%. On average, equities analysts expect that Trifast plc will post 5.8002937 earnings per share for the current fiscal year.

Trifast Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 6th will be paid a dividend of GBX 0.60 ($0.01) per share. This represents a yield of 0.77%. The ex-dividend date is Thursday, March 6th. Trifast’s payout ratio is presently -6,666.67%.

About Trifast

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.