TriMas (NASDAQ:TRS) Sees Unusually-High Trading Volume – Here’s What Happened

TriMas Co. (NASDAQ:TRS) shares saw unusually-high trading volume on Tuesday . Approximately 684,672 shares were traded during trading, an increase of 187% from the previous session’s volume of 238,817 shares.The stock last traded at $24.15 and had previously closed at $23.88.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TRS. StockNews.com raised shares of TriMas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. BWS Financial reiterated a “buy” rating and issued a $40.00 price target on shares of TriMas in a report on Thursday, January 23rd.

TriMas Trading Down 0.5 %

The firm has a market cap of $963.54 million, a price-to-earnings ratio of 37.11 and a beta of 0.66. The firm’s 50-day moving average is $24.37 and its 200-day moving average is $25.20. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC lifted its position in TriMas by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 1,158 shares in the last quarter. State of Wyoming purchased a new stake in shares of TriMas in the fourth quarter worth approximately $50,000. KLP Kapitalforvaltning AS bought a new position in shares of TriMas in the fourth quarter valued at approximately $202,000. Intech Investment Management LLC bought a new position in shares of TriMas in the third quarter valued at approximately $269,000. Finally, ProShare Advisors LLC purchased a new position in shares of TriMas during the fourth quarter valued at approximately $281,000. 99.42% of the stock is currently owned by institutional investors and hedge funds.

About TriMas

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.