Trio-Tech International (NYSE:TRT) Director Sells $1,221,750.00 in Stock

Trio-Tech International (NYSE:TRT) Director Richard Horowitz sold 67,500 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $18.10, for a total value of $1,221,750.00. Following the sale, the director owned 664,784 shares in the company, valued at approximately $12,032,590.40. This trade represents a 9.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Trio-Tech International Price Performance

NYSE TRT traded down $2.49 during trading hours on Wednesday, reaching $14.13. 1,241,973 shares of the company’s stock were exchanged, compared to its average volume of 765,606. The stock has a market cap of $142.90 million, a PE ratio of 100.93 and a beta of 1.98. Trio-Tech International has a one year low of $2.31 and a one year high of $21.38. The firm has a fifty day moving average of $9.58 and a 200-day moving average of $6.84. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Compound Planning Inc. boosted its position in Trio-Tech International by 85.8% in the 1st quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock valued at $3,592,000 after buying an additional 287,000 shares during the last quarter. Renaissance Technologies LLC boosted its position in Trio-Tech International by 100.1% in the 1st quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock valued at $1,882,000 after buying an additional 162,848 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Trio-Tech International by 98.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock valued at $1,409,000 after buying an additional 120,888 shares during the last quarter. Empowered Funds LLC boosted its position in Trio-Tech International by 33.2% in the 1st quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock valued at $288,000 after buying an additional 12,441 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Trio-Tech International by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock valued at $374,000 after buying an additional 3,164 shares during the last quarter. 16.03% of the stock is currently owned by institutional investors.

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.