Stonebridge Capital Management Inc. decreased its position in Trio-Tech International (NYSEAMERICAN:TRT) by 15.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 28,000 shares of the company’s stock after selling 5,000 shares during the quarter. Stonebridge Capital Management Inc. owned 0.75% of Trio-Tech International worth $126,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC lifted its position in Trio-Tech International by 2.0% during the 4th quarter. Renaissance Technologies LLC now owns 253,980 shares of the company’s stock valued at $1,006,000 after purchasing an additional 4,900 shares during the period. Institutional investors own 21.04% of the company’s stock.
Trio-Tech International stock remained flat at $$4.76 during trading hours on Thursday. 8,094 shares of the company’s stock were exchanged, compared to its average volume of 93,898. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.61 and a current ratio of 2.87. Trio-Tech International has a 52 week low of $2.50 and a 52 week high of $7.50. The company has a market cap of $17.66 million, a P/E ratio of 26.44 and a beta of 1.32. The firm’s fifty day moving average price is $3.85.
Trio-Tech International (NYSEAMERICAN:TRT) last announced its quarterly earnings results on Thursday, February 11th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $8.20 million for the quarter. Trio-Tech International had a net margin of 2.18% and a return on equity of 3.15%.
In related news, CFO Hock Ming Ting sold 12,594 shares of the stock in a transaction that occurred on Saturday, January 16th. The shares were sold at an average price of $4.43, for a total value of $55,791.42. Following the sale, the chief financial officer now directly owns 103,691 shares in the company, valued at approximately $459,351.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 25,206 shares of company stock worth $119,620 over the last quarter. 46.50% of the stock is currently owned by corporate insiders.
Trio-Tech International Profile
Trio-Tech International engages in the provision of third-party semiconductor testing and burn-in services. It operates through the following segments: Manufacturing, Testing Services, Distribution, and Real Estate. The Manufacturing segment produces both front-end and back-end semiconductor test equipment and related peripherals.
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