Shares of Trifast plc (LON:TRI – Get Free Report) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 84.36 and traded as high as GBX 85.80. Trifast shares last traded at GBX 84.40, with a volume of 21,542 shares trading hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 140 price target on shares of Trifast in a research report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Trifast has an average rating of “Buy” and an average price target of GBX 140.
Check Out Our Latest Analysis on Trifast
Trifast Price Performance
The company has a quick ratio of 1.78, a current ratio of 4.19 and a debt-to-equity ratio of 59.09. The stock’s 50-day simple moving average is GBX 84.36 and its two-hundred day simple moving average is GBX 75.93. The company has a market capitalization of £115.87 million, a price-to-earnings ratio of -117.53 and a beta of 0.69.
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.
Further Reading
- Five stocks we like better than Trifast
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for Trifast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trifast and related companies with MarketBeat.com's FREE daily email newsletter.
