TriMas Co. (NASDAQ:TRS - Get Free Report) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $24.74 and traded as low as $24.07. TriMas shares last traded at $24.11, with a volume of 154,009 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on TRS shares. StockNews.com upgraded TriMas from a "sell" rating to a "hold" rating in a research report on Wednesday, November 13th. BWS Financial reiterated a "buy" rating and set a $40.00 price target on shares of TriMas in a research report on Thursday, January 23rd.
Check Out Our Latest Stock Analysis on TRS
TriMas Trading Up 2.0 %
The company has a market capitalization of $983.67 million, a price-to-earnings ratio of 37.88 and a beta of 0.66. The firm has a 50-day moving average price of $24.65 and a 200-day moving average price of $25.29. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60.
Institutional Investors Weigh In On TriMas
Several large investors have recently modified their holdings of TRS. Intech Investment Management LLC acquired a new stake in shares of TriMas in the third quarter worth $269,000. Paloma Partners Management Co acquired a new stake in shares of TriMas in the third quarter worth $293,000. XTX Topco Ltd acquired a new stake in shares of TriMas in the third quarter worth $371,000. Inspire Investing LLC boosted its position in shares of TriMas by 17.4% in the third quarter. Inspire Investing LLC now owns 16,155 shares of the industrial products company's stock worth $412,000 after buying an additional 2,389 shares during the period. Finally, Creative Planning boosted its position in shares of TriMas by 11.0% in the second quarter. Creative Planning now owns 27,056 shares of the industrial products company's stock worth $692,000 after buying an additional 2,681 shares during the period. 99.42% of the stock is owned by institutional investors.
About TriMas
(
Get Free Report)
TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.
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