Trifast (LON:TRI) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Trifast plc (LON:TRIGet Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 70.73 and traded as low as GBX 67.20. Trifast shares last traded at GBX 67.60, with a volume of 129,453 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 130 target price on shares of Trifast in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 135.

Read Our Latest Analysis on TRI

Trifast Price Performance

The firm has a 50 day moving average price of GBX 66.30 and a two-hundred day moving average price of GBX 70.69. The company has a quick ratio of 1.78, a current ratio of 3.82 and a debt-to-equity ratio of 69.36. The company has a market capitalization of £90.43 million, a price-to-earnings ratio of 77.01 and a beta of 0.68.

Insider Transactions at Trifast

In other Trifast news, insider Iain Percival acquired 4,621 shares of the stock in a transaction on Thursday, April 16th. The stock was purchased at an average price of GBX 68 per share, for a total transaction of £3,142.28. Also, insider Clive Watson acquired 973 shares of the stock in a transaction on Thursday, April 16th. The shares were acquired at an average price of GBX 71 per share, with a total value of £690.83. Corporate insiders own 21.70% of the company’s stock.

Trifast Company Profile

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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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