Nicholas Mills Buys 240,000 Shares of Trifast plc (LON:TRI) Stock

Trifast plc (LON:TRI) insider Nicholas Mills purchased 240,000 shares of Trifast stock in a transaction on Friday, January 24th. The stock was bought at an average cost of GBX 82 ($1.02) per share, with a total value of £196,800 ($244,867.49).

Trifast Stock Down 3.5 %

Shares of TRI stock opened at GBX 78.20 ($0.97) on Tuesday. The stock’s 50 day simple moving average is GBX 82.46 and its 200 day simple moving average is GBX 80.19. Trifast plc has a twelve month low of GBX 66.20 ($0.82) and a twelve month high of GBX 87 ($1.08). The company has a debt-to-equity ratio of 48.54, a quick ratio of 1.78 and a current ratio of 3.45. The company has a market capitalization of £105.37 million, a price-to-earnings ratio of -2,606.67 and a beta of 1.16.

Trifast (LON:TRI) last released its quarterly earnings results on Tuesday, November 19th. The company reported GBX 2.94 ($0.04) EPS for the quarter. Trifast had a negative net margin of 1.90% and a negative return on equity of 3.42%. As a group, research analysts predict that Trifast plc will post 5.8002937 EPS for the current year.

Trifast Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 6th will be given a dividend of GBX 0.60 ($0.01) per share. This represents a yield of 0.77%. The ex-dividend date of this dividend is Thursday, March 6th. Trifast’s dividend payout ratio is -6,666.67%.

About Trifast

About Trifast plc (LSE Main listing: symbol: TRI)
Founded in 1973, Trifast is a leading international specialist in the design, engineering, manufacture, and distribution of high-quality industrial fastenings. From locations across key regions in the UK & Ireland, Asia, Europe, and North America, the Group supplies customers in c.70 countries across a wide range of industries, including automotive, smart infrastructure and medical equipment.

Through our Engineering application expertise we deliver comprehensive support to our OEM and Tier 1 customers across every requirement, from concept design through to technical engineering consultancy, manufacturing, supply management and global logistics.