Trinseo (NYSE:TSE) Share Price Crosses Below Two Hundred Day Moving Average of $5.61

Shares of Trinseo PLC (NYSE:TSE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.61 and traded as low as $2.77. Trinseo shares last traded at $2.81, with a volume of 229,981 shares trading hands.

Trinseo Price Performance

The business has a fifty day moving average price of $3.90 and a two-hundred day moving average price of $5.61. The firm has a market capitalization of $99.08 million, a price-to-earnings ratio of -0.14 and a beta of 1.54.

Trinseo (NYSE:TSE) last announced its quarterly earnings data on Monday, February 12th. The basic materials company reported ($2.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.51) by ($1.48). The firm had revenue of $837.50 million during the quarter, compared to analyst estimates of $884.14 million. Trinseo had a negative net margin of 19.08% and a negative return on equity of 905.55%. During the same period in the prior year, the company posted ($1.72) earnings per share. On average, research analysts predict that Trinseo PLC will post -4.91 earnings per share for the current year.

Trinseo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Wednesday, April 3rd. Trinseo’s dividend payout ratio is presently -0.20%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in Trinseo by 415.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,247 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 2,617 shares during the period. GAMMA Investing LLC acquired a new stake in Trinseo during the fourth quarter worth about $40,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Trinseo by 43.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,131 shares of the basic materials company’s stock worth $50,000 after acquiring an additional 1,844 shares during the period. Tower Research Capital LLC TRC grew its holdings in Trinseo by 712.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,097 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 6,224 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Trinseo during the third quarter worth about $69,000. 82.69% of the stock is owned by institutional investors and hedge funds.

About Trinseo

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.