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

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 7,489 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $5.53, for a total value of $41,414.17. Following the sale, the director directly owned 60,000 shares of the company’s stock, valued at $331,800. This represents a 11.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Trio-Tech International Stock Performance

Trio-Tech International stock traded up $6.03 during mid-day trading on Friday, hitting $20.05. 4,631,236 shares of the company’s stock traded hands, compared to its average volume of 696,433. The firm has a 50 day simple moving average of $8.39 and a two-hundred day simple moving average of $6.30. Trio-Tech International has a fifty-two week low of $2.31 and a fifty-two week high of $21.38. The stock has a market cap of $179.71 million, a price-to-earnings ratio of 143.21 and a beta of 1.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25.

Institutional Investors Weigh In On Trio-Tech International

Several hedge funds have recently added to or reduced their stakes in the business. Compound Planning Inc. lifted 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. Renaissance Technologies LLC increased its position in Trio-Tech International by 100.1% during the 1st 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. Dimensional Fund Advisors LP increased its position in Trio-Tech International by 98.4% during the 1st 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. Geode Capital Management LLC increased its position in Trio-Tech International by 12.6% during the 4th 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. Finally, James Investment Research Inc. increased its position in Trio-Tech International by 100.0% during the 1st 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. Institutional investors and hedge funds own 16.03% of the company’s stock.

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.