Trio-Tech International (NYSE:TRT) Shares Down 5.7% – Should You Sell?

Trio-Tech International (NYSE:TRT)’s share price dropped 5.7% on Friday . The company traded as low as $5.63 and last traded at $5.63. Approximately 58,543 shares changed hands during trading, a decline of 46% from the average daily volume of 108,412 shares. The stock had previously closed at $5.97.

Trio-Tech International Trading Down 5.7%

The firm’s 50 day moving average is $5.81 and its two-hundred day moving average is $4.04. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. The company has a market cap of $48.99 million, a P/E ratio of 40.21 and a beta of 0.96.

Insider Buying and Selling

In related news, Director Richard M. Horowitz sold 7,500 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $7.50, for a total value of $56,250.00. Following the sale, the director owned 621,500 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 39.50% 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.