Trinity Place (NYSEAMERICAN:TPHS) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Trinity Place Holdings Inc. (NYSEAMERICAN:TPHSGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.04 and traded as low as $0.0255. Trinity Place shares last traded at $0.0391, with a volume of 97,100 shares changing hands.

Trinity Place Stock Performance

The stock has a market cap of $1.68 million, a P/E ratio of -0.16 and a beta of 0.16. The stock’s fifty day moving average is $0.03 and its 200 day moving average is $0.04.

Trinity Place Company Profile

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Trinity Place Holdings Inc (NYSE American: TPHS) is a special purpose acquisition company incorporated in Delaware in October 2018. As a blank check vehicle, the company has no commercial operations and was formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

Shortly after its formation, Trinity Place completed an initial public offering in November 2018, raising capital that is held in trust pending the identification and consummation of a business combination.

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