Trio-Tech International (NYSE:TRT) Shares Up 5.7% – What’s Next?

Trio-Tech International (NYSE:TRT) rose 5.7% on Tuesday . The stock traded as high as $10.33 and last traded at $10.26. Approximately 667,623 shares traded hands during trading, a decline of 12% from the average session volume of 757,841 shares. The stock had previously closed at $9.71.

Trio-Tech International Stock Up 5.7%

The firm has a 50 day moving average price of $12.39 and a 200-day moving average price of $8.68. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02. The firm has a market cap of $103.76 million, a PE ratio of 73.29 and a beta of 1.92.

Insider Buying and Selling

In related news, Director Richard M. Horowitz sold 67,500 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $18.10, for a total value of $1,221,750.00. Following the sale, the director owned 664,784 shares of the company’s stock, valued at $12,032,590.40. This trade represents a 9.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jason T. Adelman sold 5,000 shares of Trio-Tech International stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $15.84, for a total transaction of $79,200.00. Following the completion of the transaction, the director owned 145,094 shares of the company’s stock, valued at $2,298,288.96. This represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 122,475 shares of company stock worth $2,119,100 over the last 90 days. Insiders own 39.50% of the company’s stock.

Institutional Investors Weigh In On Trio-Tech International

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC lifted its position in shares of Trio-Tech International by 33.2% during the 1st quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after purchasing an additional 12,441 shares during the last quarter. NewEdge Advisors LLC increased its holdings in 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 buying an additional 12,008 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Trio-Tech International by 100.1% in the first quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock valued at $1,882,000 after buying an additional 162,848 shares during the last quarter. Compound Planning Inc. raised its stake in Trio-Tech International by 85.8% in the first quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock valued at $3,592,000 after buying an additional 287,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Trio-Tech International by 98.4% in the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock valued at $1,409,000 after buying an additional 120,888 shares in the last quarter. 16.03% of the stock is currently owned by institutional investors and hedge funds.

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.