Trio-Tech International (NYSE:TRT) Stock Price Up 0.7% – Here’s Why

Trio-Tech International (NYSE:TRT) shot up 0.7% on Wednesday . The company traded as high as $7.00 and last traded at $6.75. 93,324 shares were traded during mid-day trading, an increase of 24% from the average session volume of 74,975 shares. The stock had previously closed at $6.70.

Trio-Tech International Stock Up 0.7%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. The company has a market capitalization of $59.06 million, a price-to-earnings ratio of 48.21 and a beta of 0.97. The stock’s fifty day simple moving average is $5.60 and its two-hundred day simple moving average is $4.99.

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Geode Capital Management LLC raised its position in shares of Trio-Tech International (NYSE:TRT) by 12.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,261 shares of the company’s stock after buying an additional 3,164 shares during the quarter. 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 owned by 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.