Trinseo (NYSE:TSE) Shares Cross Below 200 Day Moving Average – Time to Sell?

Trinseo PLC (NYSE:TSE) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.61 and traded as low as $1.05. Trinseo shares last traded at $1.0650, with a volume of 385,754 shares.

Wall Street Analysts Forecast Growth

TSE has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Trinseo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Trinseo in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Trinseo currently has an average rating of “Sell”.

Trinseo Trading Down 6.6%

The company has a market capitalization of $37.49 million, a PE ratio of -0.09 and a beta of 1.52. The stock’s fifty day moving average is $1.97 and its two-hundred day moving average is $2.61.

Trinseo (NYSE:TSE) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($2.41) EPS for the quarter, missing the consensus estimate of ($1.96) by ($0.45). The business had revenue of $743.20 million for the quarter, compared to analyst estimates of $792.00 million. As a group, analysts anticipate that Trinseo PLC will post -3.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Trinseo

Several institutional investors and hedge funds have recently bought and sold shares of TSE. OMERS ADMINISTRATION Corp grew its stake in shares of Trinseo by 11.6% during the first quarter. OMERS ADMINISTRATION Corp now owns 72,200 shares of the basic materials company’s stock valued at $266,000 after buying an additional 7,500 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in Trinseo during the 2nd quarter worth approximately $27,000. PFG Investments LLC grew its position in Trinseo by 64.3% during the 3rd quarter. PFG Investments LLC now owns 23,004 shares of the basic materials company’s stock worth $54,000 after acquiring an additional 9,002 shares during the last quarter. Kohmann Bosshard Financial Services LLC lifted its position in Trinseo by 28.9% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 44,605 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 10,000 shares during the last quarter. Finally, May Hill Capital LLC bought a new stake in Trinseo in the second quarter valued at approximately $33,000. 82.69% of the stock is owned by institutional investors.

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.