Trinseo (NYSE:TSE) Stock Price Passes Below Two Hundred Day Moving Average of $5.61

Shares of Trinseo PLC (NYSE:TSE - Get Free Report) 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 changing hands.

Trinseo Stock Performance

The company has a market cap of $99.08 million, a PE ratio of -0.14 and a beta of 1.54. The company's 50-day simple moving average is $3.90 and its 200 day simple moving average is $5.60.

Trinseo (NYSE:TSE - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $837.50 million for the quarter, compared to analysts' expectations 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 period last year, the firm posted ($1.72) earnings per share. Analysts forecast that Trinseo PLC will post -4.91 EPS for the current year.

Trinseo Announces Dividend

The business also recently declared 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 of this dividend was Wednesday, April 3rd. This represents a $0.04 annualized dividend and a yield of 1.42%. Trinseo's dividend payout ratio is currently -0.20%.

Institutional Investors Weigh In On Trinseo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in Trinseo by 35.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,636,068 shares of the basic materials company's stock valued at $13,694,000 after purchasing an additional 432,501 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in Trinseo by 45.3% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,627,240 shares of the basic materials company's stock valued at $13,620,000 after purchasing an additional 507,200 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Trinseo by 11.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 682,559 shares of the basic materials company's stock valued at $5,577,000 after purchasing an additional 70,501 shares during the period. Deutsche Bank AG increased its stake in Trinseo by 2,136.4% in the third quarter. Deutsche Bank AG now owns 413,742 shares of the basic materials company's stock valued at $3,380,000 after purchasing an additional 395,242 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in Trinseo in the third quarter valued at $2,409,000. 82.69% of the stock is currently owned by institutional investors and hedge funds.

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.