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 business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $5.61, for a total transaction of $28,050.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at $280,500. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Trio-Tech International Stock Up 43.0%

TRT opened at $20.05 on Friday. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average price of $8.39 and a 200-day moving average price of $6.30. Trio-Tech International has a twelve month low of $2.31 and a twelve month high of $21.38. The stock has a market capitalization of $179.71 million, a price-to-earnings ratio of 143.21 and a beta of 1.98.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. James Investment Research Inc. raised its holdings in shares of Trio-Tech International by 100.0% during the first quarter. James Investment Research Inc. now owns 24,016 shares of the company’s stock valued at $139,000 after purchasing an additional 12,008 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Trio-Tech International during the fourth quarter valued at approximately $208,000. Geode Capital Management LLC raised its holdings in shares of Trio-Tech International by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock valued at $374,000 after purchasing an additional 3,164 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Trio-Tech International by 98.4% during the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock valued at $1,409,000 after purchasing an additional 120,888 shares during the last quarter. Finally, Renaissance Technologies LLC increased 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 valued at $1,882,000 after buying an additional 162,848 shares during the last quarter. 16.03% of the stock is 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.