Trifast plc (LON:TRI – Get Free Report)’s stock price traded down 6.7% during mid-day trading on Friday . The company traded as low as GBX 86.40 and last traded at GBX 86.40. 196,863 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 269,288 shares. The stock had previously closed at GBX 92.60.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank upped their price target on shares of Trifast from GBX 130 to GBX 140 and gave the company a “buy” rating in a report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Trifast has an average rating of “Buy” and a consensus target price of GBX 140.
Read Our Latest Research Report on Trifast
Trifast Stock Performance
Trifast (LON:TRI – Get Free Report) last announced its quarterly earnings data on Thursday, July 2nd. The company reported GBX 6.46 earnings per share (EPS) for the quarter. Trifast had a negative return on equity of 0.82% and a negative net margin of 0.47%. On average, equities analysts anticipate that Trifast plc will post 5.8002937 EPS for the current year.
Insider Buying and Selling at Trifast
In other news, insider Nicholas Mills purchased 3,970,000 shares of the stock in a transaction dated Thursday, July 2nd. The stock was acquired at an average cost of GBX 68 per share, for a total transaction of £2,699,600. Company insiders own 24.54% of the company’s stock.
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.
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