Favorable News Coverage Somewhat Unlikely to Affect TriMas (TRS) Stock Price
Media coverage about TriMas (NASDAQ:TRS) has been trending positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TriMas earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 44.5520090766799 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research firms have commented on TRS. Deutsche Bank set a $29.00 target price on TriMas and gave the company a “hold” rating in a research report on Friday. BidaskClub downgraded TriMas from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine upgraded TriMas from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research downgraded TriMas from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.00.
TriMas (NASDAQ:TRS) opened at $27.35 on Friday. TriMas has a 1 year low of $19.75 and a 1 year high of $28.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.67. The stock has a market capitalization of $1,280.00, a PE ratio of -37.99, a PEG ratio of 3.51 and a beta of 2.05.
In related news, insider Paul Swart sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $26.57, for a total transaction of $39,855.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert J. Zalupski sold 2,816 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $25.94, for a total value of $73,047.04. The disclosure for this sale can be found here. Insiders have sold 18,944 shares of company stock valued at $486,796 over the last 90 days. 1.40% of the stock is owned by corporate insiders.
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TriMas Company Profile
TriMas Corporation is a designer, manufacturer and distributor of engineered products for commercial, industrial and consumer markets. The Company operates through four segments: Packaging, Aerospace, Energy and Engineered Components. The Packaging segment is a designer, manufacturer and distributor of engineered closure and dispensing systems for a range of end markets, including steel and plastic industrial, and consumer packaging applications.
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