Trinseo (NYSE:TSE) Stock Passes Above Fifty Day Moving Average of $2.75

Trinseo PLC (NYSE:TSE)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.75 and traded as high as $4.61. Trinseo shares last traded at $4.43, with a volume of 352,343 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Trinseo from a “hold” rating to a “sell” rating in a report on Thursday, August 8th.

Trinseo Price Performance

The business’s fifty day moving average price is $2.75 and its 200-day moving average price is $3.35. The stock has a market capitalization of $156.64 million, a PE ratio of -0.21 and a beta of 1.60.

Trinseo (NYSE:TSE) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($1.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.09) by ($0.37). Trinseo had a negative return on equity of 905.55% and a negative net margin of 12.62%. The business had revenue of $920.00 million during the quarter, compared to analysts’ expectations of $958.16 million. During the same quarter last year, the business posted ($1.92) EPS. On average, analysts expect that Trinseo PLC will post -6.57 earnings per share for the current fiscal year.

Trinseo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, July 8th. Trinseo’s dividend payout ratio (DPR) is -0.19%.

Insider Buying and Selling at Trinseo

In related news, CEO Frank A. Bozich purchased 40,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $2.57 per share, with a total value of $102,800.00. Following the acquisition, the chief executive officer now directly owns 462,204 shares of the company’s stock, valued at $1,187,864.28. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Angelo N. Chaclas acquired 75,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $2.57 per share, with a total value of $192,750.00. Following the acquisition, the senior vice president now owns 207,007 shares in the company, valued at approximately $532,007.99. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank A. Bozich bought 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of $2.57 per share, with a total value of $102,800.00. Following the transaction, the chief executive officer now directly owns 462,204 shares in the company, valued at $1,187,864.28. The disclosure for this purchase can be found here. Insiders purchased a total of 265,600 shares of company stock worth $748,084 over the last three months. 2.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Trinseo by 415.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,247 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 2,617 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Trinseo during the fourth quarter valued at about $40,000. Charles Schwab Investment Management Inc. boosted its position in Trinseo by 35.9% during 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 buying an additional 432,501 shares during the period. Versor Investments LP grew its stake in shares of Trinseo by 101.6% during the fourth quarter. Versor Investments LP now owns 34,653 shares of the basic materials company’s stock valued at $290,000 after buying an additional 17,466 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in shares of Trinseo by 346.9% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 98,821 shares of the basic materials company’s stock worth $827,000 after buying an additional 76,709 shares during the period. 82.69% of the stock is owned by hedge funds and other institutional investors.

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.