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 company’s stock in a transaction dated 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 sale, the director directly owned 664,784 shares of the company’s stock, valued at approximately $12,032,590.40. This trade represents a 9.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Trio-Tech International Stock Down 5.4%

Shares of NYSE TRT opened at $12.71 on Friday. The stock has a market cap of $128.54 million, a PE ratio of 90.79 and a beta of 1.98. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 52-week low of $2.42 and a 52-week high of $21.38. The business has a 50-day moving average price of $10.02 and a 200 day moving average price of $7.03.

Institutional Trading of Trio-Tech International

A number of large investors have recently made changes to their positions in the company. Compound Planning Inc. boosted its position in shares of 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 purchasing an additional 287,000 shares during the period. Renaissance Technologies LLC raised its stake in Trio-Tech International by 100.1% during the 1st quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock valued at $1,882,000 after acquiring an additional 162,848 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Trio-Tech International by 98.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock valued at $1,409,000 after acquiring an additional 120,888 shares during the last quarter. Empowered Funds LLC raised its stake in Trio-Tech International by 33.2% during the 1st quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock valued at $288,000 after acquiring an additional 12,441 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Trio-Tech International by 12.6% during the 4th 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 during the last quarter. 16.03% of the stock is owned by institutional investors and hedge funds.

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.