Trinseo (NYSE:TSE) Stock Price Crosses Below 200 Day Moving Average of $5.61

Trinseo PLC (NYSE:TSE) shares crossed 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.

Trinseo Stock Performance

The firm has a 50 day moving average price of $3.90 and a 200-day moving average price of $5.60.

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

Trinseo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.04 annualized dividend and a yield of 1.42%. Trinseo’s payout ratio is -0.20%.

Institutional Trading of Trinseo

Several hedge funds have recently added to or reduced their stakes in TSE. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Trinseo by 43.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,131 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 1,844 shares during the period. CTC Alternative Strategies Ltd. acquired a new position in Trinseo in the 3rd quarter valued at approximately $92,000. Versor Investments LP acquired a new position in Trinseo in the 3rd quarter valued at approximately $140,000. Barclays PLC raised its holdings in Trinseo by 35.4% in the 3rd quarter. Barclays PLC now owns 32,501 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 8,497 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Trinseo by 21.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,203,567 shares of the basic materials company’s stock valued at $9,833,000 after acquiring an additional 210,857 shares in the last quarter. Institutional investors own 82.69% of the company’s stock.

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.