Shares of Tristel plc (LON:TSTL) experienced a notable increase of 9.9% during trading on Friday, driven by significant insider buying activity. The stock reached a peak of GBX 410 before settling at GBX 406.70. Trading volume surged, with approximately 222,433 shares changing hands, reflecting a 79% increase compared to the average daily volume of 124,092 shares.
Prior to this uptick, Tristel’s shares had closed at GBX 370. The market reacted positively to the news that insider Tom Jenkins purchased 5,400 shares on December 11. This transaction was executed at an average price of GBX 368 per share, amounting to a total investment of £19,872.
Market Performance and Financial Ratios
Tristel’s stock performance has shown resilience, with its fifty-day moving average currently at GBX 363.54 and its 200-day moving average at GBX 371.15. The company maintains a strong financial position, evidenced by a debt-to-equity ratio of 18.09. Additionally, its current ratio stands at 3.75, while the quick ratio is reported at 3.83.
As of the latest trading session, Tristel boasts a market capitalization of £190.99 million and a price-to-earnings (P/E) ratio of 28.92. The stock also has a beta of 0.23, indicating lower volatility compared to the broader market.
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