Trinseo (NYSE:TSE) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Trinseo PLC (NYSE:TSE)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.67 and traded as low as $3.53. Trinseo shares last traded at $3.63, with a volume of 284,402 shares changing hands.

Analyst Ratings Changes

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

Trinseo Stock Down 5.2 %

The firm has a market cap of $122.48 million, a price-to-earnings ratio of -0.24 and a beta of 1.64. The firm has a fifty day moving average price of $4.90 and a 200-day moving average price of $3.67.

Trinseo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, October 10th. Trinseo’s dividend payout ratio (DPR) is -0.28%.

Insider Buying and Selling

In related news, Director Jeffrey J. Cote bought 50,600 shares of the stock in a transaction dated Monday, August 19th. The stock was acquired at an average price of $3.39 per share, for a total transaction of $171,534.00. Following the completion of the purchase, the director now owns 150,600 shares in the company, valued at $510,534. This represents a 50.60 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Trinseo

Several large investors have recently bought and sold shares of the company. PFG Investments LLC purchased a new stake in shares of Trinseo during the third quarter worth about $52,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Trinseo in the 2nd quarter valued at about $25,000. Ground Swell Capital LLC bought a new position in Trinseo during the 2nd quarter worth approximately $29,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Trinseo in the 1st quarter worth approximately $48,000. Finally, Red Door Wealth Management LLC bought a new stake in shares of Trinseo in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds 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.