Shares of Trio-Tech International (NYSE:TRT – Get Free Report) rose 0.7% on Wednesday . The stock traded as high as $7.00 and last traded at $6.75. Approximately 93,324 shares traded hands during mid-day trading, an increase of 24% from the average daily volume of 74,975 shares. The stock had previously closed at $6.70.
Trio-Tech International Stock Up 0.7%
The firm has a market cap of $59.06 million, a price-to-earnings ratio of 48.21 and a beta of 0.97. The firm’s fifty day moving average is $5.60 and its two-hundred day moving average is $4.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25.
Institutional Investors Weigh In On Trio-Tech International
An institutional investor recently bought a new position in Trio-Tech International stock. Essex Investment Management Co. LLC purchased a new stake in Trio-Tech International (NYSE:TRT – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,737 shares of the company’s stock, valued at approximately $208,000. Essex Investment Management Co. LLC owned about 0.18% of Trio-Tech International at the end of the most recent quarter. 16.03% of the stock is owned by institutional investors and hedge funds.
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.
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