Trifast (LON:TRI – Get Free Report) announced its quarterly earnings data on Thursday. The company reported GBX 6.46 EPS for the quarter, Digital Look Earnings reports. Trifast had a net margin of 0.54% and a return on equity of 0.95%.
Trifast Price Performance
Shares of TRI opened at GBX 71.89 on Friday. The business’s fifty day moving average is GBX 66.23 and its 200 day moving average is GBX 70.25. Trifast has a 12-month low of GBX 56.20 and a 12-month high of GBX 88.80. 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 cap of £97.03 million, a P/E ratio of 82.63 and a beta of 0.68.
Analysts Set New Price Targets
Separately, Berenberg Bank increased their target price on shares of Trifast from GBX 130 to GBX 140 and gave the stock a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 140.
Insider Buying and Selling at Trifast
In other Trifast news, insider Iain Percival acquired 4,621 shares of Trifast stock in a transaction dated 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 bought 973 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were acquired at an average cost of GBX 71 per share, with a total value of £690.83. Corporate insiders own 21.70% of the company’s stock.
Trifast Company Profile
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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