Trio-Tech International (NYSE:TRT) Trading Up 16.8% – Still a Buy?

Trio-Tech International (NYSE:TRT)’s stock price was up 16.8% during trading on Wednesday . The company traded as high as $15.76 and last traded at $14.70. 2,299,172 shares were traded during trading, an increase of 196% from the average session volume of 777,114 shares. The stock had previously closed at $12.59.

Trio-Tech International Stock Performance

The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $11.66 and a 200 day moving average price of $7.84. The firm has a market capitalization of $160.09 million, a PE ratio of 113.07 and a beta of 1.90.

Insider Buying and Selling

In other Trio-Tech International news, Director Richard M. Horowitz sold 67,500 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $18.10, for a total value of $1,221,750.00. Following the completion of the transaction, the director owned 664,784 shares of the company’s stock, valued at $12,032,590.40. This trade represents a 9.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jason T. Adelman sold 35,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $17.39, for a total transaction of $608,650.00. Following the completion of the transaction, the director owned 54,975 shares of the company’s stock, valued at approximately $956,015.25. This trade represents a 38.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 117,475 shares of company stock valued at $2,039,900 in the last 90 days. Company insiders own 39.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Compound Planning Inc. increased its holdings in Trio-Tech International by 85.8% during the 1st quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock worth $3,592,000 after purchasing an additional 287,000 shares during the period. Renaissance Technologies LLC grew its position in shares of Trio-Tech International by 100.1% during the first quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock worth $1,882,000 after buying an additional 162,848 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Trio-Tech International by 98.4% during the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock worth $1,409,000 after buying an additional 120,888 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Trio-Tech International during the fourth quarter worth approximately $208,000. Finally, Empowered Funds LLC increased its stake in shares of Trio-Tech International by 33.2% during the first quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after buying an additional 12,441 shares during the period. 16.03% of the stock is currently owned by hedge funds and other 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.