Trifast plc (LON:TRI) Insider Buys £80,000 in Stock

Trifast plc (LON:TRI) insider Nicholas Mills acquired 100,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of GBX 80 ($1.00) per share, for a total transaction of £80,000 ($99,539.63).

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

• On Friday, January 24th, Nicholas Mills purchased 240,000 shares of Trifast stock. The stock was bought at an average cost of GBX 82 ($1.02) per share, for a total transaction of £196,800 ($244,867.49).

Trifast Trading Down 1.3 %

Trifast stock traded down GBX 1 ($0.01) during trading hours on Tuesday, reaching GBX 77.20 ($0.96). The company had a trading volume of 373,419 shares, compared to its average volume of 92,173. 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 company has a 50-day moving average price of GBX 82.46 and a 200 day moving average price of GBX 80.19. The firm has a market cap of £104.02 million, a price-to-earnings ratio of -2,573.33 and a beta of 1.16. Trifast plc has a 12-month low of GBX 66.20 ($0.82) and a 12-month high of GBX 87 ($1.08).

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

Trifast Cuts Dividend

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

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.