Trinseo (NYSE:TSE) Stock Price Crosses Below Two Hundred Day Moving Average - Here's Why

Trinseo PLC (NYSE:TSE - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.35 and traded as low as $3.78. Trinseo shares last traded at $3.96, with a volume of 388,568 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Trinseo from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th.

Trinseo Trading Down 5.7 %

The company has a market capitalization of $159.30 million, a price-to-earnings ratio of -0.32 and a beta of 1.54. The company's 50 day simple moving average is $4.74 and its 200-day simple moving average is $4.37.

Trinseo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, January 10th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.04 dividend on an annualized basis and a yield of 0.89%. Trinseo's dividend payout ratio (DPR) is currently -0.28%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Marshall Wace LLP purchased a new stake in shares of Trinseo in the second quarter valued at $455,000. Cubist Systematic Strategies LLC grew its holdings in Trinseo by 194.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 101,614 shares of the basic materials company's stock valued at $235,000 after buying an additional 67,054 shares during the period. Squarepoint Ops LLC increased its stake in shares of Trinseo by 97.7% during the 2nd quarter. Squarepoint Ops LLC now owns 129,500 shares of the basic materials company's stock valued at $299,000 after acquiring an additional 63,982 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Trinseo by 10.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 430,340 shares of the basic materials company's stock worth $2,199,000 after acquiring an additional 40,588 shares during the period. Finally, Whitebox Advisors LLC purchased a new position in shares of Trinseo during the 3rd quarter worth about $200,000. 82.69% of the stock is currently owned by institutional investors and hedge funds.

Trinseo Company Profile

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.