Trio-Tech International (NYSE:TRT) Director Jason Adelman Sells 14,975 Shares of Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 14,975 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $13.99, for a total value of $209,500.25. Following the sale, the director owned 40,000 shares of the company’s stock, valued at approximately $559,600. This represents a 27.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Trio-Tech International Trading Down 4.0%

NYSE TRT opened at $13.08 on Thursday. The company has a market cap of $132.28 million, a price-to-earnings ratio of 93.43 and a beta of 1.98. Trio-Tech International has a 52 week low of $2.31 and a 52 week high of $21.38. The business has a 50 day moving average price of $8.90 and a 200-day moving average price of $6.54. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On Trio-Tech International

Several institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in Trio-Tech International by 100.0% during the first quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock worth $139,000 after buying an additional 12,008 shares in the last quarter. Empowered Funds LLC grew its holdings in Trio-Tech International by 33.2% during the first quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after buying an additional 12,441 shares in the last quarter. Renaissance Technologies LLC grew its holdings 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 in the last quarter. Compound Planning Inc. grew its holdings in Trio-Tech International by 85.8% during the first quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock worth $3,592,000 after buying an additional 287,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings 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 in the last quarter. 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.