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

Shares of Trinseo PLC (NYSE:TSE) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.70 and traded as low as $4.62. Trinseo shares last traded at $5.00, with a volume of 373,242 shares traded.

Trinseo Stock Down 5.5 %

The company has a market capitalization of $167.59 million, a P/E ratio of -0.48 and a beta of 1.54. The company’s 50-day moving average is $4.74 and its two-hundred day moving average is $4.72.

Trinseo (NYSE:TSE) last issued its earnings results on Wednesday, February 12th. The basic materials company reported ($2.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.30) by ($0.37). On average, sell-side analysts predict that Trinseo PLC will post -3.88 EPS for the current year.

Trinseo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, April 10th. Trinseo’s dividend payout ratio is currently -0.41%.

Institutional Trading of Trinseo

Several hedge funds and other institutional investors have recently bought and sold shares of TSE. CastleKnight Management LP boosted its stake in Trinseo by 128.1% in the fourth quarter. CastleKnight Management LP now owns 2,479,618 shares of the basic materials company’s stock worth $12,646,000 after buying an additional 1,392,476 shares in the last quarter. Brightline Capital Management LLC purchased a new stake in shares of Trinseo during the fourth quarter valued at approximately $4,820,000. Truffle Hound Capital LLC purchased a new stake in shares of Trinseo during the fourth quarter valued at approximately $1,785,000. 683 Capital Management LLC purchased a new stake in shares of Trinseo during the fourth quarter valued at approximately $636,000. Finally, Jane Street Group LLC boosted its stake in shares of Trinseo by 32.4% during the fourth quarter. Jane Street Group LLC now owns 330,467 shares of the basic materials company’s stock valued at $1,685,000 after purchasing an additional 80,943 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.