Shares of Trinity Place Holdings Inc. (NYSEAMERICAN:TPHS – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.04 and traded as low as $0.03. Trinity Place shares last traded at $0.03, with a volume of 12,655 shares trading hands.
Trinity Place Trading Down 3.2%
The firm’s 50 day moving average price is $0.04 and its two-hundred day moving average price is $0.04. The company has a market capitalization of $1.96 million, a price-to-earnings ratio of -0.19 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.
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