Trifast (LON:TRI) Shares Pass Below 200 Day Moving Average – Time to Sell?

Trifast plc (LON:TRI)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 70.92 and traded as low as GBX 65.60. Trifast shares last traded at GBX 66.40, with a volume of 41,174 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 130 target price on shares of Trifast in a report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 135.

Trifast Trading Up 0.7%

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 stock has a market capitalization of £90.27 million, a P/E ratio of 76.87 and a beta of 0.66. The firm’s 50-day simple moving average is GBX 66.14 and its 200 day simple moving average is GBX 70.92.

Insider Buying and Selling

In other Trifast news, insider Iain Percival bought 4,621 shares of Trifast stock in a transaction that occurred on Thursday, April 16th. The stock was purchased at an average cost of GBX 68 per share, for a total transaction of £3,142.28. Also, insider Clive Watson purchased 973 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was acquired at an average price of GBX 71 per share, for a total transaction of £690.83. 21.70% of the stock is owned by insiders.

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.