Trifast (LON:TRI) Rating Reiterated by Shore Capital

Shore Capital reissued their buy rating on shares of Trifast (LON:TRIGet Rating) in a report published on Tuesday morning, Marketbeat Ratings reports.

Trifast Stock Down 3.0 %

Trifast stock opened at GBX 49.10 ($0.58) on Tuesday. Trifast has a fifty-two week low of GBX 49.10 ($0.58) and a fifty-two week high of GBX 165.50 ($1.96). The stock has a market cap of £66.83 million and a PE ratio of 701.43. The firm’s 50-day simple moving average is GBX 67.79 and its 200 day simple moving average is GBX 86.76. The company has a debt-to-equity ratio of 58.72, a quick ratio of 1.78 and a current ratio of 3.71.

Trifast Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 13th. Shareholders of record on Thursday, March 16th will be paid a GBX 0.75 ($0.01) dividend. This represents a yield of 1.29%. The ex-dividend date is Thursday, March 16th. Trifast’s payout ratio is 32.86%.

About Trifast

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Trifast plc, together with its subsidiaries, engages in the design, engineering, manufacture, and distribution of industrial fasteners and category C components in the United Kingdom, Europe, North America, and Asia. The company offers screws and bolts, nuts, washers, circlips, seals, rings, plastic and enclosure hardware, cable glands, security fasteners, spacers and pillars, tooling and driver bits, and other hardware products, as well as fasteners for sheet metal and plastic.

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