Trifast’s (TRI) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Trifast (LON:TRI) in a research report sent to investors on Tuesday morning, MarketBeat.com reports. They currently have a GBX 140 price target on the stock.

Trifast Price Performance

Shares of TRI stock opened at GBX 83 on Tuesday. Trifast has a 1 year low of GBX 56.20 and a 1 year high of GBX 95. The company has a current ratio of 4.19, a quick ratio of 1.78 and a debt-to-equity ratio of 59.09. The firm’s 50 day moving average is GBX 83.19 and its 200-day moving average is GBX 73.12. The firm has a market capitalization of £112.09 million, a price-to-earnings ratio of -113.70 and a beta of 0.69.

Trifast (LON:TRI) last posted its quarterly earnings data on Thursday, July 2nd. The company reported GBX 6.46 earnings per share for the quarter. Trifast had a negative net margin of 0.47% and a negative return on equity of 0.82%. Sell-side analysts forecast that Trifast will post 5.8002937 EPS for the current fiscal year.

Insider Activity

In other Trifast news, insider Nicholas Mills purchased 3,970,000 shares of the stock in a transaction dated Thursday, July 2nd. The stock was bought at an average price of GBX 68 per share, for a total transaction of £2,699,600. Company insiders own 24.54% 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.