Key Points
- Director Richard Horowitz sold 67,500 shares of Trio-Tech International stock on May 18 at an average price of $18.10, totaling about $1.22 million. After the sale, he still held 664,784 shares, a 9.22% reduction in his position.
- Trio-Tech International shares were trading at $14.13 when the article was published, with the stock showing a 52-week range of $2.31 to $21.38. The company has a market cap of about $142.9 million and a high beta of 1.98.
- Institutional investors have been active in the name, with several hedge funds and asset managers increasing or initiating positions. However, institutions still own only 16.03% of Trio-Tech’s stock.
Trio-Tech International (NYSE:TRT - Get Free Report) Director Richard Horowitz sold 67,500 shares of the business's stock in a transaction 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 completion of the transaction, the director directly owned 664,784 shares in the company, valued at approximately $12,032,590.40. This represents a 9.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Trio-Tech International Price Performance
Trio-Tech International stock opened at $14.13 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. The firm has a market cap of $142.90 million, a P/E ratio of 100.93 and a beta of 1.98. The business's fifty day moving average is $9.75 and its two-hundred day moving average is $6.92. Trio-Tech International has a 52 week low of $2.31 and a 52 week high of $21.38.
Hedge Funds Weigh In On Trio-Tech International
Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in shares of Trio-Tech International by 100.0% during the first quarter. NewEdge Advisors LLC now owns 24,016 shares of the company's stock valued at $139,000 after acquiring an additional 12,008 shares during the period. James Investment Research Inc. lifted its stake in shares of Trio-Tech International by 100.0% during the first quarter. James Investment Research Inc. now owns 24,016 shares of the company's stock valued at $139,000 after acquiring an additional 12,008 shares during the period. Essex Investment Management Co. LLC acquired a new position in shares of Trio-Tech International during the fourth quarter valued at $208,000. Empowered Funds LLC lifted 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 valued at $288,000 after acquiring an additional 12,441 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Trio-Tech International by 12.6% during 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 during the period. Institutional investors and hedge funds own 16.03% of the company's stock.
About Trio-Tech International
(
Get Free Report)
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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