Trifast (LON:TRI) Insider Nicholas Mills Acquires 3,970,000 Shares of Stock

Trifast plc (LON:TRI) insider Nicholas Mills bought 3,970,000 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were purchased at an average cost of GBX 68 per share, for a total transaction of £2,699,600.

Trifast Stock Performance

TRI stock opened at GBX 75.69 on Monday. The firm has a market cap of £102.16 million, a PE ratio of -103.68 and a beta of 0.67. The company has a quick ratio of 1.78, a current ratio of 4.19 and a debt-to-equity ratio of 59.09. The business has a 50 day moving average of GBX 66.31 and a 200-day moving average of GBX 70.25. Trifast plc has a 12-month low of GBX 56.20 and a 12-month high of GBX 88.80.

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

Analyst Ratings Changes

Separately, Berenberg Bank lifted their target price on Trifast from GBX 130 to GBX 140 and gave the stock a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Trifast currently has a consensus rating of “Buy” and a consensus price target of GBX 140.

About Trifast

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.