Trio-Tech International (NYSE:TRT) Trading Up 0.7% – Still a Buy?

Trio-Tech International (NYSE:TRT)’s stock price traded up 0.7% during trading on Friday . The stock traded as high as $10.51 and last traded at $10.10. 88,558 shares changed hands during trading, a decline of 86% from the average daily volume of 641,977 shares. The stock had previously closed at $10.03.

Trio-Tech International Price Performance

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 company has a market cap of $102.14 million, a PE ratio of 72.14 and a beta of 1.97. The firm has a 50 day moving average of $10.47 and a two-hundred day moving average of $9.95.

Insider Buying and Selling

In other Trio-Tech International news, Director Jason T. Adelman sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $15.84, for a total value of $79,200.00. Following the completion of the transaction, the director owned 145,094 shares of the company’s stock, valued at approximately $2,298,288.96. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 39.50% of the company’s stock.

Institutional Trading of Trio-Tech International

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in Trio-Tech International by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock worth $374,000 after purchasing an additional 3,164 shares during the period. James Investment Research Inc. increased its position in Trio-Tech International by 100.0% during the first quarter. James Investment Research Inc. now owns 24,016 shares of the company’s stock valued at $139,000 after acquiring an additional 12,008 shares during the last quarter. NewEdge Advisors LLC lifted 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 acquiring an additional 12,008 shares during the period. Empowered Funds LLC boosted its position in Trio-Tech International by 33.2% in the first 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. Finally, Essex Investment Management Co. LLC purchased a new position in Trio-Tech International in the fourth quarter worth about $208,000. 16.03% of the stock is currently owned by institutional investors.

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.