Jason Adelman Sells 5,000 Shares of Trio-Tech International (NYSE:TRT) Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 5,000 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $15.84, for a total value of $79,200.00. Following the sale, the director owned 145,094 shares of the company’s stock, valued at approximately $2,298,288.96. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Trio-Tech International Price Performance

NYSE TRT opened at $12.49 on Thursday. The business’s fifty day moving average is $12.25 and its 200 day moving average is $8.12. Trio-Tech International has a fifty-two week low of $2.55 and a fifty-two week high of $21.38. 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 capitalization of $126.31 million, a PE ratio of 89.21 and a beta of 1.91.

Institutional Trading of Trio-Tech International

Several hedge funds and other institutional investors have recently bought and sold shares of TRT. Geode Capital Management LLC lifted its position 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 buying an additional 3,164 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in Trio-Tech International during the fourth quarter valued at $208,000. James Investment Research Inc. raised 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 valued at $139,000 after acquiring an additional 12,008 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Trio-Tech International by 98.4% in the 1st 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 last quarter. Finally, Compound Planning Inc. grew its holdings in Trio-Tech International by 85.8% during the 1st quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock valued at $3,592,000 after purchasing an additional 287,000 shares during the last quarter. Hedge funds and other institutional investors own 16.03% of the company’s stock.

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.