Trifast (LON:TRI) Insider Acquires £99,005.60 in Stock

Trifast plc (LON:TRI) insider Iain Percival bought 123,757 shares of the stock in a transaction on Monday, February 16th. The stock was purchased at an average cost of GBX 80 per share, for a total transaction of £99,005.60.

Trifast Stock Performance

LON:TRI traded down GBX 0.75 on Tuesday, hitting GBX 80.25. The stock had a trading volume of 452,203 shares, compared to its average volume of 185,025. The business’s 50-day simple moving average is GBX 74.36 and its two-hundred day simple moving average is GBX 76.94. The stock has a market cap of £108.32 million, a price-to-earnings ratio of 92.24 and a beta of 1.16. Trifast plc has a 52-week low of GBX 56 and a 52-week high of GBX 88.80. The company has a quick ratio of 1.78, a current ratio of 3.46 and a debt-to-equity ratio of 48.54.

Trifast (LON:TRI) last issued its quarterly earnings data on Tuesday, November 18th. The company reported GBX 1.09 earnings per share for the quarter. Trifast had a negative net margin of 1.90% and a negative return on equity of 3.47%. As a group, research analysts predict that Trifast plc will post 5.8002937 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TRI. Berenberg Bank reissued a “buy” rating and set a GBX 130 price objective on shares of Trifast in a research report on Tuesday, November 18th. Peel Hunt reissued a “buy” rating and set a GBX 140 price target on shares of Trifast in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 135.

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.