Trio-Tech International (NYSE:TRT) Trading Up 26.3% - Here's Why

Key Points

• Trio-Tech stock jumped 26.3% intraday to about $14.07 (high $14.41) on Thursday, with roughly 1.09 million shares traded—about 76% above its average volume.
• The company has a market cap of $123.11 million and a P/E of 100.50, with very low debt (debt-to-equity 0.02) and strong liquidity (current ratio 4.54, quick ratio 4.25); its 50-day and 200-day moving averages are $6.87 and $5.70, respectively.
• Institutional interest is rising: several funds (James Investment, Essex, Geode) recently increased or initiated positions, and institutions now own about 16.03% of the stock.

Trio-Tech International (NYSE:TRT - Get Free Report) rose 26.3% during mid-day trading on Thursday . The stock traded as high as $14.41 and last traded at $14.07. Approximately 1,089,447 shares were traded during trading, an increase of 76% from the average daily volume of 620,545 shares. The stock had previously closed at $11.14.

Trio-Tech International Price Performance

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 company's 50-day simple moving average is $6.87 and its 200-day simple moving average is $5.70. The stock has a market capitalization of $123.11 million, a P/E ratio of 100.50 and a beta of 0.97.

Hedge Funds Weigh In On Trio-Tech International

Large investors have recently modified their holdings of the stock. James Investment Research Inc. raised its position in shares of Trio-Tech International by 100.0% in the first quarter. James Investment Research Inc. now owns 24,016 shares of the company's stock valued at $139,000 after purchasing an additional 12,008 shares during the period. Essex Investment Management Co. LLC bought a new position in shares of Trio-Tech International in the fourth quarter valued at about $208,000. Finally, Geode Capital Management LLC grew its stake in shares of Trio-Tech International by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 28,261 shares of the company's stock valued at $374,000 after acquiring an additional 3,164 shares in the last quarter. 16.03% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.