Trio-Tech International (NYSE:TRT) Director Sells $29,100.00 in Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 5,000 shares of Trio-Tech International stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $5.82, for a total value of $29,100.00. Following the completion of the transaction, the director directly owned 55,000 shares in the company, valued at approximately $320,100. This represents a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Trio-Tech International Trading Up 43.0%

Shares of Trio-Tech International stock traded up $6.03 during midday trading on Friday, reaching $20.05. The company had a trading volume of 4,631,236 shares, compared to its average volume of 696,433. The stock has a fifty day moving average price of $8.39 and a 200 day moving average price of $6.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25. The firm has a market cap of $179.71 million, a PE ratio of 143.21 and a beta of 1.98. Trio-Tech International has a fifty-two week low of $2.31 and a fifty-two week high of $21.38.

Hedge Funds Weigh In On Trio-Tech International

A number of hedge funds and other institutional investors have recently made changes to their positions in TRT. Geode Capital Management LLC lifted its stake in shares of 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 acquiring an additional 3,164 shares during the period. Essex Investment Management Co. LLC acquired a new position in shares of Trio-Tech International in the fourth quarter worth approximately $208,000. James Investment Research Inc. lifted its stake in shares of 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 acquiring an additional 12,008 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Trio-Tech International by 98.4% in the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock worth $1,409,000 after acquiring an additional 120,888 shares during the period. Finally, Compound Planning Inc. lifted its stake in shares of Trio-Tech International by 85.8% in the first quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock worth $3,592,000 after acquiring an additional 287,000 shares during the period. 16.03% of the stock is owned by institutional investors and hedge funds.

About Trio-Tech International

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.