The stock of Trimas Corporation (TRS) has gone up by 1.72% for the week, with a 2.99% rise in the past month and a -0.43% drop in the past quarter. The volatility ratio for the week is 2.93%, and the volatility levels for the past 30 days are 2.35% for TRS. The simple moving average for the past 20 days is 0.86% for TRS’s stock, with a 0.03% simple moving average for the past 200 days.
Is It Worth Investing in Trimas Corporation (NASDAQ: TRS) Right Now?
Trimas Corporation (NASDAQ: TRS) has a higher price-to-earnings ratio of 26.03x compared to its average ratio. TRS has 36-month beta value of 0.67. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for TRS is 37.96M, and currently, short sellers hold a 5.61% ratio of that float. The average trading volume of TRS on October 11, 2024 was 329.58K shares.
TRS) stock’s latest price update
The stock of Trimas Corporation (NASDAQ: TRS) has increased by 0.95 when compared to last closing price of 25.21. Despite this, the company has experienced a 1.72% gain in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-10-10 that Vancouver, British Columbia–(Newsfile Corp. – October 10, 2024) – Tres-Or Resources Ltd. (TSXV: TRS) (OTC Pink: TRSFF) is pleased to announce the appointment of Mr.
Analysts’ Opinion of TRS
Many brokerage firms have already submitted their reports for TRS stocks, with BWS Financial repeating the rating for TRS by listing it as a “Buy.” The predicted price for TRS in the upcoming period, according to BWS Financial is $40 based on the research report published on May 22, 2023 of the previous year 2023.
TRS Trading at 3.20% from the 50-Day Moving Average
After a stumble in the market that brought TRS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.75% of loss for the given period.
Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 2.93%, as shares surge +2.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.54% upper at present.
During the last 5 trading sessions, TRS rose by +1.72%, which changed the moving average for the period of 200-days by -2.49% in comparison to the 20-day moving average, which settled at $25.23. In addition, Trimas Corporation saw 0.47% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TRS starting from Tredwell Daniel P, who purchase 92 shares at the price of $23.71 back on Aug 12 ’24. After this action, Tredwell Daniel P now owns 50,934 shares of Trimas Corporation, valued at $2,171 using the latest closing price.
Mell Scott A, the Chief Financial Officer of Trimas Corporation, sale 1,500 shares at $27.30 during a trade that took place back on May 21 ’24, which means that Mell Scott A is holding 31,923 shares at $40,942 based on the most recent closing price.
Stock Fundamentals for TRS
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.22 for the gross margin
The net margin for Trimas Corporation stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 6.05, with 2.98 for asset returns.
Based on Trimas Corporation (TRS), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 3.86.
Currently, EBITDA for the company is 134.63 million with net debt to EBITDA at 3.44. When we switch over and look at the enterprise to sales, we see a ratio of 1.61. The receivables turnover for the company is 5.38for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.82.
Conclusion
To put it simply, Trimas Corporation (TRS) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.