Trifast (LON:TRI) Hits New 12-Month Low – Should You Sell?

Shares of Trifast plc (LON:TRI) hit a new 52-week low on Monday . The company traded as low as GBX 56.20 and last traded at GBX 59, with a volume of 182801 shares changing hands. The stock had previously closed at GBX 60.

Trifast Stock Down 1.7%

The company has a current ratio of 3.82, a quick ratio of 1.78 and a debt-to-equity ratio of 69.36. The firm has a 50 day moving average price of GBX 75.94 and a 200-day moving average price of GBX 76.11. The firm has a market cap of £79.64 million, a price-to-earnings ratio of 67.82 and a beta of 0.66.

Insider Transactions at Trifast

In other Trifast news, insider Iain Percival acquired 123,757 shares of the company’s stock in a transaction dated Monday, February 16th. The stock was acquired at an average cost of GBX 80 per share, with a total value of £99,005.60. Also, insider Nicholas Mills acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were acquired at an average cost of GBX 70 per share, with a total value of £14,000. Insiders own 20.57% of the company’s stock.

Trifast Company Profile

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.