Trinseo (NYSE:TSE) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Shares of Trinseo PLC (NYSE:TSE - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.08 and traded as low as $3.26. Trinseo shares last traded at $3.41, with a volume of 230,359 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Trinseo from a "hold" rating to a "sell" rating in a research note on Monday, May 12th.

Trinseo Stock Performance

The company's fifty day moving average price is $3.27 and its 200 day moving average price is $4.08. The firm has a market capitalization of $121.39 million, a price-to-earnings ratio of -0.34 and a beta of 1.44.

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

Trinseo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.17%. Trinseo's dividend payout ratio is presently -0.40%.

Institutional Investors Weigh In On Trinseo

A number of hedge funds have recently added to or reduced their stakes in TSE. Covestor Ltd acquired a new stake in shares of Trinseo in the 4th quarter worth about $36,000. Rhumbline Advisers increased its stake in shares of Trinseo by 103.2% in the fourth quarter. Rhumbline Advisers now owns 7,879 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 4,002 shares during the period. State of Wyoming acquired a new stake in shares of Trinseo in the fourth quarter valued at approximately $53,000. BNP Paribas Financial Markets bought a new stake in shares of Trinseo during the fourth quarter valued at approximately $74,000. Finally, Quarry LP acquired a new position in shares of Trinseo during the fourth quarter worth approximately $79,000. 82.69% of the stock is currently owned by institutional investors.

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.

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