Richard Horowitz Sells 67,500 Shares of Trio-Tech International (NYSE:TRT) Stock

Trio-Tech International (NYSE:TRT) Director Richard Horowitz sold 67,500 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $18.10, for a total transaction of $1,221,750.00. Following the completion of the transaction, the director owned 664,784 shares in the company, valued at approximately $12,032,590.40. The trade was a 9.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Trio-Tech International Stock Performance

Shares of Trio-Tech International stock opened at $13.43 on Friday. The stock has a market cap of $135.82 million, a price-to-earnings ratio of 95.93 and a beta of 1.98. The firm’s 50-day moving average is $9.89 and its 200 day moving average is $6.99. Trio-Tech International has a 1 year low of $2.42 and a 1 year high of $21.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25.

Hedge Funds Weigh In On Trio-Tech International

A number of hedge funds have recently bought and sold shares of TRT. Compound Planning Inc. raised its position in Trio-Tech International by 85.8% in the 1st quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock worth $3,592,000 after buying an additional 287,000 shares during the last quarter. Renaissance Technologies LLC raised its position in Trio-Tech International by 100.1% in the 1st quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock worth $1,882,000 after buying an additional 162,848 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Trio-Tech International by 98.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock worth $1,409,000 after buying an additional 120,888 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in Trio-Tech International in the 4th quarter worth about $208,000. Finally, Empowered Funds LLC raised its position in Trio-Tech International by 33.2% in the 1st quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after buying an additional 12,441 shares during the last quarter. Hedge funds and other institutional investors own 16.03% of the company’s stock.

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.