Trifast (LON:TRI) Hits New 1-Year High – Here’s Why
by Sarita Garza · The Markets DailyTrifast plc (LON:TRI – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 87.80 and last traded at GBX 87, with a volume of 259827 shares trading hands. The stock had previously closed at GBX 84.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Peel Hunt reissued a “buy” rating and set a GBX 140 price target on shares of Trifast in a research report on Tuesday, November 18th. Berenberg Bank restated a “buy” rating and set a GBX 130 price target on shares of Trifast in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 135.
Get Our Latest Stock Analysis on Trifast
Trifast Trading Up 3.6%
The company has a market cap of £117.43 million, a PE ratio of 100.00 and a beta of 1.16. The company’s 50 day simple moving average is GBX 74.79 and its two-hundred day simple moving average is GBX 77.02. The company has a debt-to-equity ratio of 48.54, a current ratio of 3.46 and a quick ratio of 1.78.
Trifast (LON:TRI – Get Free Report) last issued its quarterly earnings data on Tuesday, November 18th. The company reported GBX 1.09 EPS for the quarter. Trifast had a negative net margin of 1.90% and a negative return on equity of 3.47%. As a group, sell-side analysts anticipate that Trifast plc will post 5.8002937 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider Iain Percival acquired 123,757 shares of the business’s stock in a transaction that occurred on Monday, February 16th. The shares were purchased at an average price of GBX 80 per share, for a total transaction of £99,005.60. Also, insider Nicholas Mills bought 20,000 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were purchased at an average price of GBX 70 per share, with a total value of £14,000. Insiders own 20.48% 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.