Trifast plc (LON:TRI - Get Free Report) insider Nicholas Mills acquired 3,970,000 shares of the firm's stock in a transaction that occurred on Thursday, July 2nd. The stock was acquired at an average price of GBX 68 per share, for a total transaction of £2,699,600.
Trifast Trading Up 0.7%
Shares of Trifast stock opened at GBX 79.55 on Tuesday. The stock has a 50 day moving average of GBX 66.51 and a 200 day moving average of GBX 70.30. The company has a debt-to-equity ratio of 59.09, a quick ratio of 1.78 and a current ratio of 4.19. The firm has a market capitalization of £107.37 million, a price-to-earnings ratio of -108.97 and a beta of 0.67. Trifast plc has a fifty-two week low of GBX 56.20 and a fifty-two week high of GBX 88.80.
Trifast (LON:TRI - Get Free Report) last posted its earnings results on Thursday, July 2nd. The company reported GBX 6.46 EPS for the quarter. Trifast had a negative return on equity of 0.82% and a negative net margin of 0.47%. As a group, research analysts predict that Trifast plc will post 5.8002937 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Berenberg Bank boosted their price objective on shares of Trifast from GBX 130 to GBX 140 and gave the company a "buy" rating in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 140.
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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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