Tricorn Group (LON:TCN) Shares Cross Above 200 Day Moving Average of $0.00

Tricorn Group plc (LON:TCN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $17.00. Tricorn Group shares last traded at $15.40, with a volume of 13,705 shares changing hands.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Tricorn Group in a research note on Monday, June 3rd.

The company’s 50-day moving average is GBX 18.57 and its 200 day moving average is GBX 18.34. The company has a market capitalization of $5.83 million and a PE ratio of 7.08. The company has a debt-to-equity ratio of 51.76, a quick ratio of 0.70 and a current ratio of 1.10.

Tricorn Group (LON:TCN) last released its earnings results on Monday, June 3rd. The company reported GBX 3.02 ($0.04) EPS for the quarter, topping analysts’ consensus estimates of GBX 3 ($0.04) by GBX 0.02 ($0.00). On average, analysts forecast that Tricorn Group plc will post 420.0000049 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, October 3rd will be given a GBX 0.20 ($0.00) dividend. This is an increase from Tricorn Group’s previous dividend of $0.13. This represents a dividend yield of 1.08%. The ex-dividend date is Thursday, October 3rd.

In related news, insider Phillip Lee sold 55,600 shares of the stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of GBX 18 ($0.24), for a total value of £10,008 ($13,077.22).

Tricorn Group Company Profile (LON:TCN)

Tricorn Group plc manufactures and supplies pipe and tubing assemblies for companies worldwide. It operates through two segments, Transportation and Energy. The Energy segment provides manipulated tubular assemblies for use in power generation, oil and gas, and marine sectors. The Transportation segment offers ferrous, non-ferrous, and nylon material tubular assemblies for use in on- and off-highway applications.

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