Trifast (LON:TRI) Sets New 52-Week Low – Time to Sell?

Trifast plc (LON:TRI)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 64 ($0.83) and last traded at GBX 65 ($0.84), with a volume of 25791 shares traded. The stock had previously closed at GBX 67 ($0.87).

Trifast Stock Down 3.0 %

The firm has a market cap of £89.93 million, a PE ratio of -20.28 and a beta of 1.16. The company has a debt-to-equity ratio of 48.54, a current ratio of 3.46 and a quick ratio of 1.78. The business has a fifty day moving average price of GBX 72.45 and a two-hundred day moving average price of GBX 77.99.

Trifast Cuts Dividend

The business also recently disclosed 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 is presently -62.39%.

Insider Activity at Trifast

In related news, insider Iain Percival bought 63,529 shares of Trifast stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of GBX 78 ($1.01) per share, for a total transaction of £49,552.62 ($64,345.70). Also, insider Nicholas Mills purchased 347,500 shares of the stock in a transaction on Wednesday, March 26th. The shares were bought at an average price of GBX 69 ($0.90) per share, for a total transaction of £239,775 ($311,355.67). Over the last 90 days, insiders bought 751,029 shares of company stock valued at $56,612,762. Insiders own 13.71% of the company’s stock.

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.