Trifast (LON:TRI) Releases Quarterly Earnings Results

Trifast (LON:TRI) posted its earnings results on Tuesday. The company reported GBX 1.09 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Trifast had a negative net margin of 1.90% and a negative return on equity of 3.47%.

Trifast Stock Performance

TRI opened at GBX 73.20 on Wednesday. The company has a market capitalization of £98.80 million, a price-to-earnings ratio of 95.06 and a beta of 1.16. The business’s 50-day moving average price is GBX 78.87 and its two-hundred day moving average price is GBX 74.71. Trifast has a 1 year low of GBX 56 and a 1 year high of GBX 88.80. The company has a debt-to-equity ratio of 48.54, a current ratio of 3.46 and a quick ratio of 1.78.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRI. Peel Hunt restated a “buy” rating and set a GBX 140 target price on shares of Trifast in a research report on Tuesday. Berenberg Bank reissued a “buy” rating and set a GBX 130 price objective on shares of Trifast in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Trifast presently has a consensus rating of “Buy” and a consensus price target of GBX 135.

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.