Trinseo (NYSE:TSE) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Trinseo PLC (NYSE:TSE - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.66 and traded as low as $3.26. Trinseo shares last traded at $3.32, with a volume of 260,692 shares.

Trinseo Trading Down 2.5 %

The firm has a market cap of $117.26 million, a price-to-earnings ratio of -0.34 and a beta of 1.54. The stock has a 50-day moving average of $4.32 and a 200-day moving average of $4.63.

Trinseo (NYSE:TSE - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) EPS for the quarter, missing the consensus estimate of ($2.30) by ($0.37). As a group, research analysts expect that Trinseo PLC will post -3.88 earnings per share for the current fiscal year.

Trinseo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, April 10th. This represents a $0.04 annualized dividend and a dividend yield of 1.21%. Trinseo's dividend payout ratio is presently -0.41%.

Institutional Trading of Trinseo

Large investors have recently added to or reduced their stakes in the business. CastleKnight Management LP grew its stake in shares of Trinseo by 128.1% in the fourth quarter. CastleKnight Management LP now owns 2,479,618 shares of the basic materials company's stock worth $12,646,000 after purchasing an additional 1,392,476 shares in the last quarter. Brightline Capital Management LLC bought a new stake in shares of Trinseo during the 4th quarter worth about $4,820,000. Marshall Wace LLP lifted its stake in shares of Trinseo by 1.7% in the 4th quarter. Marshall Wace LLP now owns 618,192 shares of the basic materials company's stock worth $3,153,000 after acquiring an additional 10,543 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 valued at $2,199,000 after acquiring an additional 40,588 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Trinseo by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 388,751 shares of the basic materials company's stock valued at $1,984,000 after acquiring an additional 2,820 shares during the period. 82.69% of the stock is currently owned by institutional investors and hedge funds.

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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.