Trio-Tech International (NYSE:TRT) Director Richard Horowitz Sells 67,500 Shares

Trio-Tech International (NYSE:TRT) Director Richard Horowitz sold 67,500 shares of the company’s stock in a transaction 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 sale, the director owned 664,784 shares in the company, valued at $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 Performance

Shares of NYSE:TRT opened at $14.13 on Thursday. The business’s fifty day moving average price is $9.75 and its two-hundred day moving average price is $6.92. Trio-Tech International has a fifty-two week low of $2.31 and a fifty-two week high of $21.38. The stock has a market capitalization of $142.90 million, a price-to-earnings ratio of 100.93 and a beta of 1.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25.

Institutional Trading of Trio-Tech International

A number of large investors have recently bought and sold shares of TRT. NewEdge Advisors LLC grew its position in Trio-Tech International by 100.0% in 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. boosted its stake in Trio-Tech International by 100.0% in the first quarter. James Investment Research Inc. now owns 24,016 shares of the company’s stock worth $139,000 after purchasing an additional 12,008 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in Trio-Tech International in the fourth quarter worth $208,000. Empowered Funds LLC boosted its stake in Trio-Tech International by 33.2% in the first quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after purchasing an additional 12,441 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Trio-Tech International by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock worth $374,000 after purchasing an additional 3,164 shares in 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.