Trio-Tech International (NYSE:TRT) Trading 5.7% Higher – Should You Buy?

Trio-Tech International (NYSE:TRT) shares traded up 5.7% during trading on Tuesday . The stock traded as high as $10.33 and last traded at $10.26. 667,623 shares were traded 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 Down 5.0%

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’s 50 day simple moving average is $12.35 and its 200-day simple moving average is $8.71. The stock has a market capitalization of $105.68 million, a price-to-earnings ratio of 74.64 and a beta of 1.92.

Insider Activity

In other news, Director Richard M. Horowitz sold 67,500 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $18.10, for a total transaction of $1,221,750.00. Following the transaction, the director directly owned 664,784 shares in the company, valued at $12,032,590.40. The trade was a 9.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jason T. Adelman sold 35,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $17.39, for a total transaction of $608,650.00. Following the completion of the sale, the director directly owned 54,975 shares in the company, valued at approximately $956,015.25. The trade was a 38.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 122,475 shares of company stock worth $2,119,100 over the last 90 days. 39.50% of the stock is owned by company insiders.

Institutional Trading of Trio-Tech International

A number of hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in shares of Trio-Tech International by 100.0% during the 1st quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock worth $139,000 after acquiring an additional 12,008 shares during the last quarter. James Investment Research Inc. increased its holdings in shares of Trio-Tech International by 100.0% in the first quarter. James Investment Research Inc. now owns 24,016 shares of the company’s stock valued at $139,000 after purchasing an additional 12,008 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Trio-Tech International in the fourth quarter valued at about $208,000. Empowered Funds LLC lifted its stake 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 buying an additional 12,441 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of 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. 16.03% of the stock is owned by institutional investors and hedge funds.

About Trio-Tech International

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.