Trio-Tech International (NYSE:TRT) Shares Up 10.1% - Here's What Happened

Key Points

• Trio‑Tech shares rose 10.1% intraday to as high as $6.60 (last at $6.33) on Tuesday, with trading volume of 194,743 shares — a 145% increase versus the average session volume.
• Director Richard M. Horowitz sold 7,500 shares at an average price of $7.50 on Jan. 7, and insiders collectively still own 39.50% of the company.
• The company has a market cap of $55.39 million, a P/E of 45.21, strong liquidity (current ratio 4.54, quick ratio 4.25) and very low leverage (debt/equity 0.02); institutional ownership is about 16.03% with Geode Capital raising its stake 12.6% in Q4.

Trio-Tech International (NYSE:TRT - Get Free Report) shares traded up 10.1% during mid-day trading on Tuesday . The company traded as high as $6.60 and last traded at $6.33. 194,743 shares were traded during mid-day trading, an increase of 145% from the average session volume of 79,624 shares. The stock had previously closed at $5.75.

Trio-Tech International Trading Up 10.1%

The firm has a market cap of $55.39 million, a price-to-earnings ratio of 45.21 and a beta of 1.02. The firm's 50-day moving average is $5.82 and its 200-day moving average is $4.63. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02.

Insider Buying and Selling

In other news, Director Richard M. Horowitz sold 7,500 shares of the stock in a transaction dated 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 sale, the director owned 621,500 shares in the company, valued at $4,661,250. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 39.50% of the company's stock.

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Geode Capital Management LLC grew its position in shares of Trio-Tech International (NYSE:TRT - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,261 shares of the company's stock after buying an additional 3,164 shares during the quarter. Geode Capital Management LLC owned 0.32% of Trio-Tech International worth $374,000 as of its most recent filing with the Securities & Exchange Commission. 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.

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