Trio-Tech International (NYSE:TRT) Shares Up 16.8% – Time to Buy?

Trio-Tech International (NYSE:TRT)’s stock price was up 16.8% during trading on Wednesday . The company traded as high as $15.76 and last traded at $14.70. Approximately 2,299,172 shares changed hands during mid-day trading, an increase of 196% from the average daily volume of 777,114 shares. The stock had previously closed at $12.59.

Trio-Tech International Stock Up 16.8%

The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25. The firm’s 50 day moving average price is $11.48 and its two-hundred day moving average price is $7.76. The firm has a market cap of $148.66 million, a price-to-earnings ratio of 105.00 and a beta of 1.90.

Insider Buying and Selling

In other news, Director Richard M. Horowitz sold 67,500 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $18.10, for a total value of $1,221,750.00. Following the transaction, the director owned 664,784 shares of the company’s stock, valued at approximately $12,032,590.40. The trade was a 9.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jason T. Adelman sold 14,975 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $13.99, for a total value of $209,500.25. Following the sale, the director owned 40,000 shares of the company’s stock, valued at $559,600. This trade represents a 27.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 117,475 shares of company stock valued at $2,039,900 over the last ninety days. 39.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Trio-Tech International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Trio-Tech International by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock worth $374,000 after buying an additional 3,164 shares during the last quarter. James Investment Research Inc. lifted its stake in shares of Trio-Tech International by 100.0% in the 1st quarter. James Investment Research Inc. now owns 24,016 shares of the company’s stock worth $139,000 after acquiring an additional 12,008 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Trio-Tech International by 100.0% in the first quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock valued at $139,000 after acquiring an additional 12,008 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Trio-Tech International by 33.2% during the first quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after acquiring an additional 12,441 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Trio-Tech International during the fourth quarter worth about $208,000. 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.