Trinseo (NYSE:TSE) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Trinseo PLC (NYSE:TSE)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.73 and traded as high as $5.67. Trinseo shares last traded at $5.53, with a volume of 246,763 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Trinseo from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

Trinseo Price Performance

The company’s 50 day moving average price is $4.73 and its two-hundred day moving average price is $3.53. The stock has a market capitalization of $195.54 million, a PE ratio of -0.44 and a beta of 1.63.

Trinseo (NYSE:TSE) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.09) by ($0.37). The company had revenue of $920.00 million for the quarter, compared to analysts’ expectations of $958.16 million. During the same period in the prior year, the firm posted ($1.92) EPS. Analysts forecast that Trinseo PLC will post -6.73 earnings per share for the current year.

Trinseo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, October 10th. Trinseo’s payout ratio is currently -0.32%.

Insider Buying and Selling

In other news, Director Jeffrey J. Cote acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average cost of $2.81 per share, for a total transaction of $281,000.00. Following the completion of the transaction, the director now owns 100,000 shares in the company, valued at approximately $281,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Angelo N. Chaclas purchased 75,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $2.57 per share, for a total transaction of $192,750.00. Following the completion of the transaction, the senior vice president now directly owns 207,007 shares in the company, valued at approximately $532,007.99. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey J. Cote purchased 100,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were bought at an average price of $2.81 per share, with a total value of $281,000.00. Following the completion of the transaction, the director now owns 100,000 shares of the company’s stock, valued at approximately $281,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 265,600 shares of company stock worth $748,084. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Trinseo

Institutional investors have recently made changes to their positions in the stock. M&G Plc acquired a new stake in shares of Trinseo during the first quarter valued at about $30,500,000. Vanguard Group Inc. grew its holdings in shares of Trinseo by 9.1% in the first quarter. Vanguard Group Inc. now owns 1,115,487 shares of the basic materials company’s stock valued at $4,217,000 after purchasing an additional 93,050 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Trinseo in the second quarter valued at approximately $455,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Trinseo in the first quarter valued at approximately $48,000. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Trinseo by 388.0% in the second quarter. Los Angeles Capital Management LLC now owns 425,506 shares of the basic materials company’s stock valued at $983,000 after purchasing an additional 338,318 shares in the last quarter. 82.69% of the stock is currently owned by institutional investors and hedge funds.

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.