Trinity Place (NYSEAMERICAN:TPHS) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Trinity Place Holdings Inc. (NYSEAMERICAN:TPHSGet Free Report)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.03 and traded as low as $0.0230. Trinity Place shares last traded at $0.0230, with a volume of 1,716 shares trading hands.

Trinity Place Price Performance

The stock has a fifty day simple moving average of $0.02 and a two-hundred day simple moving average of $0.03. The firm has a market capitalization of $1.50 million, a P/E ratio of -0.14 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.

Further Reading

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