Trinseo (NYSE:TSE) Stock Crosses Below 200-Day Moving Average – What’s Next?

Trinseo PLC (NYSE:TSE)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.35 and traded as low as $3.78. Trinseo shares last traded at $3.96, with a volume of 388,568 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Trinseo from a “sell” rating to a “hold” rating in a report on Thursday, October 10th.

Trinseo Stock Performance

The stock’s 50 day simple moving average is $4.72 and its 200 day simple moving average is $4.35. The firm has a market cap of $140.01 million, a P/E ratio of -0.28 and a beta of 1.54.

Trinseo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, January 10th. Trinseo’s dividend payout ratio (DPR) is presently -0.28%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TSE. Rhumbline Advisers lifted its holdings in Trinseo by 103.2% during 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 last quarter. SG Americas Securities LLC purchased a new stake in shares of Trinseo during the 4th quarter valued at approximately $51,000. PFG Investments LLC bought a new position in Trinseo in the 3rd quarter worth approximately $52,000. XTX Topco Ltd grew its stake in Trinseo by 19.1% in the 3rd quarter. XTX Topco Ltd now owns 88,262 shares of the basic materials company’s stock valued at $451,000 after buying an additional 14,180 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Trinseo by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 385,931 shares of the basic materials company’s stock valued at $1,973,000 after acquiring an additional 14,780 shares during the period. Hedge funds and other 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.