Trifast plc (LON:TRI – Get Free Report)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 76.72 ($0.95) and traded as low as GBX 74.55 ($0.92). Trifast shares last traded at GBX 76.40 ($0.94), with a volume of 221,665 shares.
Wall Street Analysts Forecast Growth
Separately, Shore Capital restated a “hold” rating on shares of Trifast in a report on Thursday, February 22nd.
Read Our Latest Research Report on TRI
Trifast Stock Performance
Trifast Cuts Dividend
The business also recently announced a dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were issued a GBX 0.60 ($0.01) dividend. This represents a yield of 0.86%. The ex-dividend date was Thursday, March 14th. Trifast’s payout ratio is presently -6,666.67%.
Insider Activity at Trifast
In related news, insider Laura Whyte bought 19,500 shares of Trifast stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average cost of GBX 74 ($0.91) per share, for a total transaction of £14,430 ($17,823.62). In related news, insider Laura Whyte bought 19,500 shares of Trifast stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average cost of GBX 74 ($0.91) per share, for a total transaction of £14,430 ($17,823.62). Also, insider Nicholas Mills bought 5,000 shares of Trifast stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average price of GBX 74 ($0.91) per share, for a total transaction of £3,700 ($4,570.16). Insiders have purchased 59,500 shares of company stock worth $4,403,000 over the last ninety days. Insiders own 14.17% of the company’s stock.
Trifast Company Profile
Trifast plc, together with its subsidiaries, engages in the design, engineering, manufacture, and distribution of industrial fasteners and category C components in the United Kingdom, Europe, North America, and Asia. It also offers screws and bolts, nuts, washers, circlips, seals, rings, plastic and enclosure hardware, cable glands, security fasteners, spacers and pillars, tooling and driver bits, and other hardware products, as well as fasteners for sheet metal and plastic.
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