Trio-Tech International (NYSE:TRT) Stock Price Down 0.4% – Here’s Why

Trio-Tech International (NYSE:TRT)’s share price dropped 0.4% on Monday . The company traded as low as $4.58 and last traded at $4.58. Approximately 23,319 shares were traded during trading, a decline of 73% from the average daily volume of 85,849 shares. The stock had previously closed at $4.60.

Trio-Tech International Stock Performance

The stock has a market cap of $40.08 million, a P/E ratio of 32.71 and a beta of 1.00. The firm has a 50 day moving average of $6.09 and a two-hundred day moving average of $4.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54.

Insider Activity

In other Trio-Tech International news, Director Richard M. Horowitz sold 7,500 shares of Trio-Tech International stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $7.50, for a total transaction of $56,250.00. Following the completion of the transaction, the director directly owned 621,500 shares of the company’s stock, valued at approximately $4,661,250. This trade represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 39.50% of the company’s stock.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Geode Capital Management LLC lifted its stake in shares of Trio-Tech International (NYSE:TRT) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,261 shares of the company’s stock after purchasing an additional 3,164 shares during the period. Geode Capital Management LLC owned 0.32% of Trio-Tech International worth $374,000 at the end of the most recent quarter. 16.03% of the stock is currently owned by hedge funds and other institutional investors.

Trio-Tech International Company Profile

Trio-Tech International, Inc, headquartered in Hackensack, New Jersey, is a publicly traded provider of electronic manufacturing services (EMS) and LED‐based technology solutions. Founded in 1986, the company offers turnkey design, engineering, prototyping, assembly and supply chain management services to customers across a range of end markets, including industrial controls, telecommunications, medical equipment and instrumentation.

Within its EMS segment, Trio-Tech delivers printed circuit board assembly (including surface‐mount, through‐hole and mixed-technology boards), box-build and system integration, cable harness design and manufacturing, conformal coating and testing.