Trifast (LON:TRI) Sets New 12-Month Low – Time to Sell?

Trifast plc (LON:TRI)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 64.20 ($0.83) and last traded at GBX 65.80 ($0.85), with a volume of 36090 shares trading hands. The stock had previously closed at GBX 65.80 ($0.85).

Trifast Stock Performance

The stock has a 50 day moving average price of GBX 75.81 and a two-hundred day moving average price of GBX 78.98. The company has a market cap of £91.03 million, a P/E ratio of -20.52 and a beta of 1.16. The company has a quick ratio of 1.78, a current ratio of 3.46 and a debt-to-equity ratio of 48.54.

Trifast Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 6th will be issued a dividend of GBX 0.60 ($0.01) per share. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, March 6th. Trifast’s dividend payout ratio (DPR) is presently -62.39%.

Insider Buying and Selling

In other news, insider Nicholas Mills purchased 100,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were purchased at an average price of GBX 80 ($1.04) per share, for a total transaction of £80,000 ($103,909.60). Also, insider Iain Percival acquired 63,529 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was acquired at an average cost of GBX 78 ($1.01) per share, for a total transaction of £49,552.62 ($64,362.41). Insiders purchased a total of 403,529 shares of company stock worth $32,635,262 in the last three months. 13.71% of the stock is owned by corporate insiders.

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.