Trifast plc (LON:TRI – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 70.43 and traded as low as GBX 67.20. Trifast shares last traded at GBX 67.20, with a volume of 8,618 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a “buy” rating and set a GBX 130 price objective on shares of Trifast in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 135.
Get Our Latest Research Report on Trifast
Trifast Price Performance
Insider Buying and Selling
In other Trifast news, insider Iain Percival acquired 4,621 shares of Trifast stock in a transaction dated Thursday, April 16th. The stock was acquired at an average cost of GBX 68 per share, for a total transaction of £3,142.28. Also, insider Clive Watson acquired 973 shares of Trifast stock in a transaction dated Thursday, April 16th. The shares were acquired at an average price of GBX 71 per share, with a total value of £690.83. Insiders own 21.70% 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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