Trinseo (NYSE:TSE) Stock Price Passes Below 200 Day Moving Average - Should You Sell?

Trinseo PLC (NYSE:TSE - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.11 and traded as low as $3.68. Trinseo shares last traded at $3.79, with a volume of 228,044 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Trinseo from a "hold" rating to a "sell" rating in a research report on Monday, May 12th.

Trinseo Trading Down 1.0%

The company's 50-day simple moving average is $3.27 and its 200 day simple moving average is $4.11. The stock has a market cap of $133.05 million, a P/E ratio of -0.38 and a beta of 1.44.

Trinseo (NYSE:TSE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported ($1.37) EPS for the quarter, topping analysts' consensus estimates of ($1.40) by $0.03. The business had revenue of $784.80 million for the quarter, compared to the consensus estimate of $980.01 million. Research analysts anticipate that Trinseo PLC will post -3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trinseo

Several institutional investors have recently added to or reduced their stakes in TSE. CastleKnight Management LP boosted its stake in Trinseo by 128.1% in the fourth quarter. CastleKnight Management LP now owns 2,479,618 shares of the basic materials company's stock valued at $12,646,000 after acquiring an additional 1,392,476 shares during the last quarter. Brightline Capital Management LLC raised 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 worth $3,739,000 after purchasing an additional 71,000 shares during the period. Marshall Wace LLP lifted its stake in Trinseo by 1.7% in the fourth quarter. Marshall Wace LLP now owns 618,192 shares of the basic materials company's stock valued at $3,153,000 after purchasing an additional 10,543 shares during the last quarter. Geode Capital Management LLC lifted its stake in Trinseo by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 388,751 shares of the basic materials company's stock valued at $1,984,000 after purchasing an additional 2,820 shares during the last quarter. Finally, Truffle Hound Capital LLC bought a new position in Trinseo during the fourth quarter valued at $1,785,000. 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.