Trinity Place (NYSEAMERICAN:TPHS) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Trinity Place Holdings Inc. (NYSEAMERICAN:TPHSGet Free Report)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.04 and traded as low as $0.0259. Trinity Place shares last traded at $0.0260, with a volume of 3,297 shares changing hands.

Trinity Place Stock Performance

The business’s 50 day moving average price is $0.03 and its 200-day moving average price is $0.04. The company has a market cap of $1.70 million, a price-to-earnings ratio of -0.16 and a beta of 0.16.

About Trinity Place

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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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