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Trinseo Announces Potential Closure of Stade, Germany Virgin Polycarbonate Manufacturing Facility
Business Wire (Fri, 15-Mar 7:15 AM ET)
Trinseo Announces Commencement of Sale Process for Interest in Americas Styrenics
Business Wire (Wed, 13-Mar 4:15 PM ET)
Trinseo Announces Quarterly Dividend of $0.01 Per Share
Business Wire (Thu, 22-Feb 1:27 PM ET)
Business Wire (Mon, 12-Feb 4:15 PM ET)
Business Wire (Fri, 19-Jan 4:15 PM ET)
Trinseo PLC is a materials company and manufacturer of latex and plastics products. The company's operating segments include latex binders, feedstocks, polystyrene, Americas styrenics, engineered materials, and plastics solutions. Majority of the revenue is generated from its Polystyrene segment which provides a variety of general purpose polystyrenes, and high impact polystyrene. These products provide customers with performance and aesthetics at a relatively low cost across applications, including appliances, packaging, including food packaging and food service disposables, consumer electronics and building and construction materials. Geographically, the company generates majority of the revenue from Europe and also has its presence in United States, Asia-Pacific and other regions.
Trinseo PLC Ordinary Shares trades on the NYSE stock market under the symbol TSE.
As of March 28, 2024, TSE stock price climbed to $3.88 with 278,064 million shares trading.
TSE has a beta of 2.51, meaning it tends to be more sensitive to market movements. TSE has a correlation of 0.12 to the broad based SPY ETF.
TSE has a market cap of $136.82 million. This is considered a Micro Cap stock.
Last quarter Trinseo PLC Ordinary Shares reported $838 million in Revenue and -$2.99 earnings per share. This fell short of revenue expectation by $-16 million and missed earnings estimates by -$1.66.
In the last 3 years, TSE stock traded as high as $70.25 and as low as $3.23.
The top ETF exchange traded funds that TSE belongs to (by Net Assets): FNDA, IWM, VXF, IWN, PRFZ.
TSE has underperformed the market in the last year with a price return of -79.4% while the SPY ETF gained +33.7%. TSE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -55.6% and -25.4%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
TSE support price is $3.24 and resistance is $3.64 (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 TSE stock will trade within this expected range on the day.