Trifast (LON:TRI) Shares Pass Below 200-Day Moving Average – Time to Sell?

by · The Markets Daily

Trifast plc (LON:TRI – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 75.21 and traded as low as GBX 72.40. Trifast shares last traded at GBX 76, with a volume of 6,006 shares changing hands.

Analysts Set New Price Targets

TRI has been the subject of several research reports. Peel Hunt reissued a “buy” rating and set a GBX 140 price objective on shares of Trifast in a research note on Tuesday, November 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 130 target price on shares of Trifast in a report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 135.

Check Out Our Latest Report on Trifast

Trifast Stock Performance

The company has a current ratio of 3.46, a quick ratio of 1.78 and a debt-to-equity ratio of 48.54. The stock has a market capitalization of £97.99 million, a PE ratio of 83.45 and a beta of 1.16. The firm’s 50-day simple moving average is GBX 76.51 and its two-hundred day simple moving average is GBX 75.21.

Trifast (LON:TRI – Get Free Report) last released its earnings results on Tuesday, November 18th. The company reported GBX 1.09 earnings per share (EPS) for the quarter. Trifast had a negative return on equity of 3.47% and a negative net margin of 1.90%. On average, equities research analysts expect that Trifast plc will post 5.8002937 earnings per share for the current fiscal year.

Trifast Company Profile

(Get Free Report)

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.

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