Trinity Place (NYSEAMERICAN:TPHS) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Trinity Place Holdings Inc. (NYSEAMERICAN:TPHS) 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 $0.03. Trinity Place shares last traded at $0.03, with a volume of 50,041 shares.

Trinity Place Stock Down 14.7%

The firm has a market capitalization of $1.67 million, a price-to-earnings ratio of -0.16 and a beta of 0.16. The business has a 50-day moving average price of $0.03 and a 200-day moving average price of $0.04.

Trinity Place (NYSEAMERICAN:TPHS) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.01) EPS for the quarter.

About Trinity Place

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.