Trinseo (NYSE:TSE) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Trinseo PLC (NYSE:TSE) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.39 and traded as low as $0.9506. Trinseo shares last traded at $0.9960, with a volume of 180,857 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Trinseo in a research report on Monday, November 24th. Zacks Research upgraded shares of Trinseo from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Trinseo Stock Performance

The company has a 50-day moving average price of $1.63 and a 200-day moving average price of $2.39. The firm has a market capitalization of $35.06 million, a P/E ratio of -0.09 and a beta of 1.52.

Trinseo (NYSE:TSE) last released its earnings results on Thursday, November 6th. The basic materials company reported ($2.41) earnings per share for the quarter, missing the consensus estimate of ($1.96) by ($0.45). The business had revenue of $743.20 million during the quarter, compared to analysts’ expectations of $792.00 million. Equities analysts predict that Trinseo PLC will post -3.88 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC increased its stake in Trinseo by 28.9% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 44,605 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 10,000 shares in the last quarter. Brightline Capital Management LLC grew its holdings in shares of Trinseo by 7.5% in the 1st quarter. Brightline Capital Management LLC now owns 1,016,000 shares of the basic materials company’s stock valued at $3,739,000 after buying an additional 71,000 shares during the period. OMERS ADMINISTRATION Corp grew its holdings in shares of Trinseo by 11.6% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 72,200 shares of the basic materials company’s stock valued at $266,000 after buying an additional 7,500 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Trinseo in the 1st quarter valued at $118,000. Finally, Goldman Sachs Group Inc. raised its stake in Trinseo by 43.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 343,604 shares of the basic materials company’s stock worth $1,264,000 after buying an additional 103,294 shares during the period. Institutional investors own 82.69% of the company’s stock.

About Trinseo

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.