Trifast plc (LON:TRI) Insider Acquires £3,700 in Stock

Trifast plc (LON:TRI) insider Nicholas Mills acquired 5,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were purchased at an average cost of GBX 74 ($0.92) per share, for a total transaction of £3,700 ($4,606.00).

Nicholas Mills also recently made the following trade(s):

• On Monday, April 15th, Nicholas Mills acquired 35,000 shares of Trifast stock. The shares were purchased at an average cost of GBX 74 ($0.92) per share, for a total transaction of £25,900 ($32,242.00).

Trifast Price Performance

Shares of TRI opened at GBX 76 ($0.95) on Thursday. The stock has a market capitalization of £103.45 million, a price-to-earnings ratio of -2,533.33 and a beta of 1.15. Trifast plc has a 1 year low of GBX 62 ($0.77) and a 1 year high of GBX 97.62 ($1.22). The business’s 50 day simple moving average is GBX 74.17 and its 200-day simple moving average is GBX 76.79. The company has a debt-to-equity ratio of 60.56, a current ratio of 3.91 and a quick ratio of 1.78.

Trifast Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were given a dividend of GBX 0.60 ($0.01) per share. This represents a dividend yield of 0.86%. The ex-dividend date was Thursday, March 14th. Trifast’s dividend payout ratio is currently -6,666.67%.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “hold” rating on shares of Trifast in a report on Thursday, February 22nd.

About Trifast

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.