Tricorn Group (LON:TCN) Shares Down 2.7%

Tricorn Group plc (LON:TCN) shares were down 2.7% during trading on Tuesday . The stock traded as low as GBX 18 ($0.24) and last traded at GBX 18 ($0.24). Approximately 3,000 shares traded hands during trading, a decline of 74% from the average daily volume of 11,436 shares. The stock had previously closed at GBX 18.50 ($0.24).

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

The firm has a market capitalization of $6.35 million and a PE ratio of 7.71. The company has a quick ratio of 0.72, a current ratio of 1.10 and a debt-to-equity ratio of 57.76. The stock’s 50 day moving average is GBX 18.33.

Tricorn Group (LON:TCN) last announced its quarterly earnings data on Monday, June 3rd. The company reported GBX 3.02 ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 3 ($0.04) by GBX 0.02 ($0.00). As a group, equities analysts forecast that Tricorn Group plc will post 419.9999528 EPS for the current year.

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

About Tricorn Group (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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