Nicholas Mills Purchases 3,970,000 Shares of Trifast (LON:TRI) Stock

Trifast plc (LON:TRI) insider Nicholas Mills acquired 3,970,000 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was acquired at an average cost of GBX 68 per share, for a total transaction of £2,699,600.

Trifast Trading Up 3.4%

LON:TRI opened at GBX 75.69 on Monday. The company has a debt-to-equity ratio of 59.09, a current ratio of 4.19 and a quick ratio of 1.78. Trifast plc has a one year low of GBX 56.20 and a one year high of GBX 88.80. The company has a market cap of £102.16 million, a PE ratio of -103.68 and a beta of 0.67. The firm has a 50-day moving average of GBX 66.31 and a 200-day moving average of GBX 70.25.

Trifast (LON:TRI) last announced its quarterly earnings results on Thursday, July 2nd. The company reported GBX 6.46 earnings per share for the quarter. Trifast had a negative net margin of 0.47% and a negative return on equity of 0.82%. As a group, equities research analysts expect that Trifast plc will post 5.8002937 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their price target on Trifast from GBX 130 to GBX 140 and gave the stock a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 140.

About Trifast

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.