Trio-Tech International (NYSEAMERICAN:TRT) Share Price Crosses Below 50 Day Moving Average of $0.00

Trio-Tech International (NYSEAMERICAN:TRT)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.00 and traded as low as $2.95. Trio-Tech International shares last traded at $2.97, with a volume of 900 shares changing hands.

Trio-Tech International (NYSEAMERICAN:TRT) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $8.84 million during the quarter.

A hedge fund recently raised its stake in Trio-Tech International stock. Wedbush Securities Inc. grew its position in Trio-Tech International (NYSEAMERICAN:TRT) by 31.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,679 shares of the company’s stock after buying an additional 8,687 shares during the quarter. Wedbush Securities Inc. owned 1.00% of Trio-Tech International worth $122,000 at the end of the most recent quarter.

About Trio-Tech International (NYSEAMERICAN:TRT)

Trio-Tech International, together with its subsidiaries, provides manufacturing, testing, and distribution services to the semiconductor industry. The company's Testing Services segment offers stabilization bake, thermal shock, temperature cycling, mechanical shock, constant acceleration, gross and fine leak, electrical, static and dynamic burn-in, and vibration testing, as well as reliability lab and microprocessor equipment contract cleaning services.

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