Trine Acquisition Corp. (NYSE:TRNE) currently has a daily average trading volume of 136.38K but it saw 19760892 shares traded on Wednesday. With a market cap of 337.07M USD. Stock’s current market price of $11.23 came rising about 10.75 while comparing to the previous closing price of $10.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.73 and as low as $9.40. In the recent trading on the day, stock has struck highest price mark of $11.69 while lowest mark touched by it was $10.89.
Taking a look at 20-day trading activity of Trine Acquisition Corp. (TRNE) gives us an average price of $10.27, while its current price level is 4.66% below from 52-week high level whereas it is 19.47% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.33 while that of 200 days or SMA-200 reads an average of $10.05. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.86% during that period while stretching the period over a month that decreases to 1.02%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 82.73 which implies that the stock is in overbought territory.
Over the week, TRNE’s stock price is moving 10.97% up while it is 7.36% when we observe its performance for the past one month. Year-to-date it is 12.53% up and over the past year, the stock is showing an upside performance of 15.30%.
Currently, Trine Acquisition Corp.’s total number of outstanding shares is 30.02M with 24.67% of that held by the insiders while 79.62% of its common stock has been owned by the institutions. Stock has a price to book (P/B) ratio of 20.42.
A filing at the U.S. Securities and Exchange Commission revealed that Marshall Wace UCITS Funds Plc – T came shrinking its share ownership by -0.10% in the Trine Acquisition Corp. (TRNE) decreasing its stake to 0.21% with control over 64.0 shares in the company. In the most recent quarter, Highland Fds I – NexPoint Merger came rising its stake by 22.58% in the company and now holds 24516.0 or 0.08% of the company’s stake having worth of about 0.25 million.