TriMas (NASDAQ:TRS) Sees Strong Trading Volume – Time to Buy?

TriMas Co. (NASDAQ:TRS) shares saw unusually-high trading volume on Tuesday . Approximately 684,672 shares traded hands during mid-day trading, an increase of 187% from the previous session’s volume of 238,817 shares.The stock last traded at $24.15 and had previously closed at $23.88.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRS. StockNews.com upgraded shares of TriMas from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. BWS Financial reiterated a “buy” rating and set a $40.00 price target on shares of TriMas in a report on Thursday, January 23rd.

TriMas Price Performance

The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The stock has a market cap of $963.54 million, a P/E ratio of 37.11 and a beta of 0.66. The business has a 50-day simple moving average of $24.37 and a 200 day simple moving average of $25.20.

Institutional Trading of TriMas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRS. Sterling Capital Management LLC boosted its stake in shares of TriMas by 815.5% in the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,158 shares during the last quarter. State of Wyoming bought a new stake in TriMas during the fourth quarter valued at $50,000. KLP Kapitalforvaltning AS bought a new stake in TriMas during the fourth quarter valued at $202,000. Intech Investment Management LLC acquired a new stake in TriMas during the 3rd quarter worth about $269,000. Finally, ProShare Advisors LLC bought a new position in shares of TriMas in the 4th quarter worth about $281,000. Institutional investors and hedge funds own 99.42% of the company’s stock.

TriMas Company Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.