Trifast (LON:TRI) Hits New 1-Year Low – Here’s What Happened

Trifast plc (LON:TRI)’s share price reached a new 52-week low on Monday . The stock traded as low as GBX 56.20 and last traded at GBX 59, with a volume of 182801 shares. The stock had previously closed at GBX 60.

Trifast Price Performance

The company has a debt-to-equity ratio of 69.36, a current ratio of 3.82 and a quick ratio of 1.78. The company has a 50-day moving average price of GBX 75.94 and a 200-day moving average price of GBX 76.11. The firm has a market capitalization of £79.64 million, a PE ratio of 67.82 and a beta of 0.66.

Insider Activity

In other news, insider Nicholas Mills purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were bought at an average cost of GBX 70 per share, with a total value of £14,000. Also, insider Iain Percival acquired 123,757 shares of Trifast stock in a transaction that occurred on Monday, February 16th. The shares were purchased at an average cost of GBX 80 per share, for a total transaction of £99,005.60. Insiders own 20.57% 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.