Jason Adelman Sells 7,489 Shares of Trio-Tech International (NYSE:TRT) Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 7,489 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $5.53, for a total value of $41,414.17. Following the sale, the director owned 60,000 shares in the company, valued at approximately $331,800. The trade was a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Trio-Tech International Stock Up 43.0%

TRT opened at $20.05 on Friday. The business’s fifty day moving average is $8.39 and its two-hundred day moving average is $6.30. 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 company has a market cap of $179.71 million, a price-to-earnings ratio of 143.21 and a beta of 1.98. Trio-Tech International has a one year low of $2.31 and a one year high of $21.38.

Hedge Funds Weigh In On Trio-Tech International

Several large investors have recently added to or reduced their stakes in TRT. James Investment Research Inc. lifted its position in Trio-Tech International by 100.0% during the first quarter. James Investment Research Inc. now owns 24,016 shares of the company’s stock worth $139,000 after buying an additional 12,008 shares during the period. Essex Investment Management Co. LLC purchased a new position in Trio-Tech International during the fourth quarter worth about $208,000. Geode Capital Management LLC lifted its position in Trio-Tech International by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock worth $374,000 after buying an additional 3,164 shares during the period. Dimensional Fund Advisors LP lifted its position in Trio-Tech International by 98.4% during the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock worth $1,409,000 after buying an additional 120,888 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Trio-Tech International by 100.1% during the first quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock worth $1,882,000 after buying an additional 162,848 shares during the period. 16.03% of the stock is currently owned by hedge funds and other 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.