Trinity Place (NYSEAMERICAN:TPHS) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Trinity Place Holdings Inc. (NYSEAMERICAN:TPHSGet Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.03 and traded as low as $0.0205. Trinity Place shares last traded at $0.0205, with a volume of 1,129 shares changing hands.

Trinity Place Stock Performance

The firm has a market capitalization of $1.46 million, a P/E ratio of -0.14 and a beta of 0.16. The business’s fifty day moving average price is $0.02 and its two-hundred day moving average price is $0.02.

About Trinity Place

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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.

Further Reading

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