Trinseo (NYSE:TSE) Shares Cross Below 50 Day Moving Average - Time to Sell?

Key Points

• Trinseo shares dropped below their 50-day moving average of $2.41, trading at $2.05, indicating potential bearish sentiment among investors.
• The company has received a sell rating from analysts, with earnings per share expected to be negative (-3.88) for the current year.
• Insider activity includes Director Matthew Farrell purchasing 48,609 shares at $2.43 each, suggesting some level of confidence in the company's future.

Trinseo PLC (NYSE:TSE - Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.41 and traded as low as $2.01. Trinseo shares last traded at $2.05, with a volume of 212,781 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Trinseo in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Trinseo Trading Down 1.7%

The company has a 50 day simple moving average of $2.41 and a 200 day simple moving average of $2.96. The stock has a market cap of $73.52 million, a P/E ratio of -0.19 and a beta of 1.44.

Trinseo (NYSE:TSE - Get Free Report) last announced its earnings results on Wednesday, August 6th. The basic materials company reported ($2.12) EPS for the quarter, missing the consensus estimate of ($1.49) by ($0.63). The company had revenue of $784.30 million for the quarter, compared to analyst estimates of $966.82 million. As a group, sell-side analysts expect that Trinseo PLC will post -3.88 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Matthew Farrell bought 48,609 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average price of $2.43 per share, for a total transaction of $118,119.87. Following the completion of the acquisition, the director owned 250,225 shares of the company's stock, valued at approximately $608,046.75. The trade was a 24.11% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have bought 100,000 shares of company stock worth $240,028. Insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Trinseo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Trinseo during the 2nd quarter worth approximately $27,000. May Hill Capital LLC bought a new stake in Trinseo during the second quarter worth $33,000. Sugar Maple Asset Management LLC bought a new stake in Trinseo during the second quarter worth $41,000. Intech Investment Management LLC bought a new stake in Trinseo during the second quarter worth $48,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Trinseo during the second quarter worth $58,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.