Trifast (LON:TRI) Stock Passes Below 200-Day Moving Average of $213.88
Shares of Trifast plc (LON:TRI) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $213.88 and traded as low as $191.00. Trifast shares last traded at $193.25, with a volume of 21,849 shares changing hands.
Several equities analysts have commented on TRI shares. FinnCap reissued a “corporate” rating on shares of Trifast in a research report on Tuesday, June 11th. Shore Capital reissued a “buy” rating on shares of Trifast in a research report on Friday, August 16th. Peel Hunt reissued a “buy” rating on shares of Trifast in a research report on Monday, September 16th. Finally, Berenberg Bank raised their price target on shares of Trifast from GBX 200 ($2.61) to GBX 235 ($3.07) and gave the company a “hold” rating in a research report on Thursday, July 4th.
The company has a debt-to-equity ratio of 32.50, a quick ratio of 1.10 and a current ratio of 1.90. The company has a market cap of $237.73 million and a PE ratio of 19.52. The company’s 50-day simple moving average is GBX 198.78 and its 200 day simple moving average is GBX 213.88.
Trifast Company Profile (LON:TRI)
Trifast plc, together with its subsidiaries, designs, manufactures, and distributes mechanical fasteners and category C components to distributors and original equipment manufacturer assemblers. It offers screws and bolts, nuts, washers, circlips, seals, rings, spacers, pillars, security fasteners, pins and keys, tooling and driver bits, and fasteners for sheet metal and plastic, as well as enclosure, plastic, and other hardware products.
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