TriMas (NASDAQ:TRS) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of TriMas Co. (NASDAQ:TRS) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $24.74 and traded as low as $24.07. TriMas shares last traded at $24.11, with a volume of 154,009 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of TriMas from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. BWS Financial reissued a “buy” rating and issued a $40.00 price target on shares of TriMas in a report on Thursday, January 23rd.

TriMas Stock Performance

The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $24.65 and a 200-day moving average of $25.32. The company has a market cap of $963.94 million, a PE ratio of 37.13 and a beta of 0.66.

Institutional Trading of TriMas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC bought a new position in TriMas in the 3rd quarter worth $269,000. Paloma Partners Management Co bought a new position in TriMas in the third quarter worth about $293,000. XTX Topco Ltd purchased a new stake in TriMas in the third quarter worth about $371,000. Inspire Investing LLC lifted its holdings in TriMas by 17.4% in the third quarter. Inspire Investing LLC now owns 16,155 shares of the industrial products company’s stock worth $412,000 after buying an additional 2,389 shares during the period. Finally, Creative Planning grew its holdings in shares of TriMas by 11.0% during the 2nd quarter. Creative Planning now owns 27,056 shares of the industrial products company’s stock worth $692,000 after acquiring an additional 2,681 shares during the period. Hedge funds and other institutional investors own 99.42% of the company’s stock.

About TriMas

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.