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

by · The Markets Daily

Trinity Place Holdings Inc. (NYSEAMERICAN:TPHS – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.04 and traded as low as $0.0301. Trinity Place shares last traded at $0.0324, with a volume of 58,777 shares changing hands.

Trinity Place Stock Up 4.2%

The company has a 50-day moving average of $0.04 and a 200 day moving average of $0.04. The stock has a market capitalization of $2.12 million, a PE ratio of -0.20 and a beta of 0.16.

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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