Trio-Tech International (NYSE:TRT) Trading Up 0.7% - Time to Buy?

Key Points

• Trio-Tech shares rose 0.7% to $10.10, reaching an intraday high of $10.51, while trading volume fell 86% below the average session volume.
• The company reports a strong liquidity position, with a current ratio of 4.54 and quick ratio of 4.25, but its valuation is elevated at a P/E ratio of 72.14.
• Insiders own 39.5% of the stock, while institutional ownership stands at 16.03%; director Jason T. Adelman recently sold 5,000 shares at $15.84 per share.

Trio-Tech International (NYSE:TRT - Get Free Report) shares rose 0.7% during trading on Friday . The company traded as high as $10.51 and last traded at $10.10. Approximately 88,558 shares traded hands during trading, a decline of 86% from the average session volume of 641,977 shares. The stock had previously closed at $10.03.

Trio-Tech International Stock Up 0.7%

The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25. The stock has a fifty day moving average price of $10.47 and a two-hundred day moving average price of $9.95. The company has a market cap of $102.14 million, a P/E ratio of 72.14 and a beta of 1.97.

Insider Buying and Selling

In related news, Director Jason T. Adelman sold 5,000 shares of the stock in a transaction on 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 sale, the director directly owned 145,094 shares of the company's stock, valued at approximately $2,298,288.96. This represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 39.50% of the company's stock.

Institutional Trading of Trio-Tech International

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in shares of 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 purchasing an additional 12,008 shares during the last quarter. James Investment Research Inc. grew its position in Trio-Tech International by 100.0% in the 1st quarter. James Investment Research Inc. now owns 24,016 shares of the company's stock worth $139,000 after purchasing an additional 12,008 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in Trio-Tech International in the 4th quarter worth about $208,000. Engineers Gate Manager LP purchased a new stake in Trio-Tech International in the 2nd quarter valued at about $244,000. Finally, Corient Private Wealth LP purchased a new stake in Trio-Tech International in the 2nd quarter valued at about $259,000. Institutional investors own 16.03% 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.

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