Trinity Place (NYSEAMERICAN:TPHS) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Trinity Place Holdings Inc. (NYSEAMERICAN:TPHS)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.03 and traded as high as $0.03. Trinity Place shares last traded at $0.0258, with a volume of 3,288 shares.

Trinity Place Stock Performance

The stock’s fifty day simple moving average is $0.03 and its two-hundred day simple moving average is $0.04. The company has a market capitalization of $1.69 million, a price-to-earnings ratio of -0.16 and a beta of 0.16.

About Trinity Place

Trinity Place Holdings Inc (NYSE American: TPHS) is a special purpose acquisition company incorporated in Delaware in October 2018. As a blank check vehicle, the company has no commercial operations and was formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

Shortly after its formation, Trinity Place completed an initial public offering in November 2018, raising capital that is held in trust pending the identification and consummation of a business combination.