Trinseo PLC (NYSE:TSE - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.73 and traded as low as $4.09. Trinseo shares last traded at $4.13, with a volume of 280,107 shares traded.
Trinseo Stock Up 3.8 %
The firm has a market cap of $148.49 million, a P/E ratio of -0.42 and a beta of 1.44. The firm's 50-day simple moving average is $4.60 and its 200 day simple moving average is $4.72.
Trinseo (NYSE:TSE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) EPS for the quarter, missing analysts' consensus estimates of ($2.30) by ($0.37). As a group, analysts forecast that Trinseo PLC will post -3.88 earnings per share for the current year.
Trinseo Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.96%. Trinseo's payout ratio is -0.41%.
Institutional Investors Weigh In On Trinseo
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Trinseo by 10.4% in the third quarter. JPMorgan Chase & Co. now owns 430,340 shares of the basic materials company's stock worth $2,199,000 after purchasing an additional 40,588 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Trinseo by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company's stock worth $1,973,000 after buying an additional 14,780 shares during the period. FMR LLC grew its stake in Trinseo by 21.3% in the 3rd quarter. FMR LLC now owns 110,896 shares of the basic materials company's stock valued at $567,000 after buying an additional 19,477 shares in the last quarter. SG Americas Securities LLC bought a new stake in Trinseo during the 4th quarter valued at $51,000. Finally, Truffle Hound Capital LLC purchased a new stake in shares of Trinseo during the fourth quarter worth $1,785,000. 82.69% of the stock is currently owned by institutional investors.
Trinseo Company Profile
(
Get Free Report)
Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.
Further Reading
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