Trinseo (NYSE:TSE) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Trinseo PLC (NYSE:TSE)’s share price passed 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.

Trinseo Stock Performance

The firm has a fifty day moving average price of $4.60 and a 200 day moving average price of $4.72. The company has a market cap of $148.49 million, a price-to-earnings ratio of -0.42 and a beta of 1.44.

Trinseo (NYSE:TSE) last announced 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). On average, analysts expect that Trinseo PLC will post -3.88 EPS for the current fiscal year.

Trinseo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, April 10th. Trinseo’s dividend payout ratio (DPR) is presently -0.41%.

Institutional Trading of Trinseo

Hedge funds have recently made changes to their positions in the business. FMR LLC increased its holdings in shares of Trinseo by 21.3% during the 3rd quarter. FMR LLC now owns 110,896 shares of the basic materials company’s stock worth $567,000 after acquiring an additional 19,477 shares during the last quarter. Whitebox Advisors LLC acquired a new position in shares of Trinseo in the third quarter valued at $200,000. XTX Topco Ltd raised its position in shares of Trinseo by 19.1% in the third quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company’s stock valued at $451,000 after purchasing an additional 14,180 shares during the period. Geode Capital Management LLC raised its position in shares of Trinseo by 4.0% in the third quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company’s stock valued at $1,973,000 after purchasing an additional 14,780 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake 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 buying an additional 40,588 shares during the last quarter. 82.69% of the stock is 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.