Trio-Tech International (NYSEAMERICAN:TRT) Shares Pass Below 200-Day Moving Average of $4.72

Trio-Tech International (NYSEAMERICAN:TRT – Get Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.72 and traded as low as $4.48. Trio-Tech International shares last traded at $4.56, with a volume of 1,221 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Trio-Tech International in a research note on Thursday, April 27th. They issued a “hold” rating for the company.

Trio-Tech International Price Performance

The firm has a fifty day moving average price of $4.55 and a two-hundred day moving average price of $4.72. The stock has a market capitalization of $18.59 million, a P/E ratio of 8.14 and a beta of 1.31. The company has a quick ratio of 2.05, a current ratio of 2.33 and a debt-to-equity ratio of 0.05.

Insider Activity at Trio-Tech International

In related news, Director Jason T. Adelman sold 12,500 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $4.58, for a total transaction of $57,250.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $91,600. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 48.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Acadian Asset Management LLC lifted its position in Trio-Tech International (NYSEAMERICAN:TRT – Get Rating) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,686 shares of the company’s stock after buying an additional 3,214 shares during the quarter. Acadian Asset Management LLC owned approximately 1.38% of Trio-Tech International worth $393,000 at the end of the most recent reporting period. Institutional investors own 16.70% of the company’s stock.

Trio-Tech International Company Profile

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Trio-Tech International engages in the provision of third-party semiconductor testing and burn-in services. It operates through the following segments: Manufacturing, Testing Services, Distribution, and Real Estate. The Manufacturing segment produces both front-end and back-end semiconductor test equipment and related peripherals.