TRS Stock Summary and Trading Ideas (Trimas | NASDAQ:TRS)

TriMas Corp is a United States-based company that designs, manufactures, and distributes engineered and applied products. The company operates through three segments namely: The packaging segment manufactures and distributes closure and dispensing systems. The aerospace segment supplies blind bolts, fasteners, rivets, and other products for the aerospace industry. The specialty product segment manufactures and distributes steel cylinders, wellhead engines, compression systems, industrial sealing, and fasteners.

Trimas trades on the NASDAQ stock market under the symbol TRS.

As of April 24, 2024, TRS stock price climbed to $26.28 with 194,251 million shares trading.

TRS has a beta of 0.71, meaning it tends to be less sensitive to market movements. TRS has a correlation of 0.12 to the broad based SPY ETF.

TRS has a market cap of $1.09 billion. This is considered a Small Cap stock.

Last quarter Trimas reported $210 million in Revenue and $.37 earnings per share. This fell short of revenue expectation by $-37 million and missed earnings estimates by -$.16.

In the last 3 years, TRS stock traded as high as $38.72 and as low as $21.41.

The top ETF exchange traded funds that TRS belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

TRS stock has underperformed the market in the last year with a return of -1.2%, while SPY returned +24.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TRS shares. However, TRS has outperformed the market in the last 3 month and 2 week periods, returning +6.5% and +2.1%, while SPY returned +4.5% and -1.7%, respectively. This indicates TRS has been having a stronger performance recently.

TRS support price is $25.84 and resistance is $26.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TRS stock will trade within this expected range on the day.