Shares of Trinseo PLC (NYSE:TSE - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.66 and traded as low as $3.26. Trinseo shares last traded at $3.32, with a volume of 260,692 shares changing hands.
Trinseo Stock Performance
The company has a market cap of $117.94 million, a price-to-earnings ratio of -0.33 and a beta of 1.54. The business has a fifty day moving average price of $4.27 and a 200 day moving average price of $4.61.
Trinseo (NYSE:TSE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share for the quarter, missing the consensus estimate of ($2.30) by ($0.37). As a group, equities analysts anticipate that Trinseo PLC will post -3.88 EPS for the current year.
Trinseo Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, April 10th. This represents a $0.04 annualized dividend and a dividend yield of 1.20%. Trinseo's payout ratio is -0.41%.
Hedge Funds Weigh In On Trinseo
Institutional investors have recently added to or reduced their stakes in the stock. Jefferies Financial Group Inc. lifted its holdings in Trinseo by 14.5% during the 4th quarter. Jefferies Financial Group Inc. now owns 30,000 shares of the basic materials company's stock worth $153,000 after purchasing an additional 3,800 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Trinseo in the fourth quarter worth $298,000. Two Sigma Investments LP raised its stake in shares of Trinseo by 2.7% during the fourth quarter. Two Sigma Investments LP now owns 326,592 shares of the basic materials company's stock valued at $1,666,000 after acquiring an additional 8,682 shares during the last quarter. State of Wyoming purchased a new position in shares of Trinseo during the fourth quarter valued at approximately $53,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Trinseo by 33.5% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 36,965 shares of the basic materials company's stock valued at $189,000 after purchasing an additional 9,275 shares in the last quarter. Institutional investors own 82.69% of the company's stock.
Trinseo Company Profile
(
Get Free Report)
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.
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