Trio-Tech International (NYSE:TRT) Shares Down 0.4% – What’s Next?

Trio-Tech International (NYSE:TRT) was down 0.4% during trading on Monday . The stock traded as low as $4.58 and last traded at $4.58. Approximately 23,319 shares changed hands during trading, a decline of 73% from the average daily volume of 85,849 shares. The stock had previously closed at $4.60.

Trio-Tech International Price Performance

The stock has a 50 day moving average of $6.09 and a two-hundred day moving average of $4.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. The stock has a market cap of $40.08 million, a PE ratio of 32.71 and a beta of 1.00.

Insider Activity at Trio-Tech International

In related 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 value of $56,250.00. Following the completion of the transaction, the director owned 621,500 shares of the company’s stock, valued at approximately $4,661,250. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 39.50% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Trio-Tech International stock. Essex Investment Management Co. LLC bought a new position in Trio-Tech International (NYSE:TRT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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 reporting period. 16.03% of the stock is owned by hedge funds and other 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.