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

Trifast plc (LON:TRI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 77.84 ($0.98) and traded as high as GBX 81.70 ($1.03). Trifast shares last traded at GBX 81.20 ($1.02), with a volume of 149,709 shares trading hands.

Trifast Price Performance

The firm has a market capitalization of £109.41 million, a PE ratio of -2,706.67 and a beta of 1.16. The firm’s fifty day moving average price is GBX 80.62 and its 200 day moving average price is GBX 77.84. The company has a current ratio of 3.45, a quick ratio of 1.78 and a debt-to-equity ratio of 48.54.

Trifast Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 6th will be given a dividend of GBX 0.60 ($0.01) per share. This represents a yield of 0.77%. The ex-dividend date of this dividend is Thursday, March 6th. Trifast’s dividend payout ratio is currently -6,666.67%.

Trifast Company Profile

Trifast plc, together with its subsidiaries, engages in the design, engineering, manufacture, and distribution of industrial fasteners and category C components in the United Kingdom, Europe, North America, and Asia. It also offers screws and bolts, nuts, washers, circlips, seals, rings, plastic and enclosure hardware, cable glands, security fasteners, spacers and pillars, tooling and driver bits, and other hardware products, as well as fasteners for sheet metal and plastic.