Trio-Tech International (NYSE:TRT) Stock Price Down 5.7% – What’s Next?

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

Trio-Tech International Trading Down 5.7%

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 $48.99 million, a PE ratio of 40.21 and a beta of 0.96. The business has a fifty day moving average price of $5.81 and a 200 day moving average price of $4.03.

Insider Activity

In other news, Director Richard M. Horowitz sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $7.50, for a total transaction of $56,250.00. Following the transaction, the director directly 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 legal filing with the SEC, which is accessible through this link. 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.