Benzinga | Oct 19, 2020 11:30AM EDT

Why Trinseo's Stock Is Trading Higher Today

Trinseo (NYSE:TSE) shares are trading higher on Monday after the company reported third-quarter earnings. The company noted it had seen "strong demand recovery" and reported third-quarter net income of $102 million to $109 million.

Trinseo manufactures synthetic rubber, latex, and plastics products in six segments. latex binders produce binding latex for artificial turf and carpet. The firm manufactures synthetic rubber, used in tires and footwear, in its synthetic rubber segment.

Trinseo shares traded up 11.21% to $33.94 on Monday. The stock has a 52-week high of $50.14 and a 52-week low of $14.16.