Trio-Tech International (NYSE:TRT) Director Sells $25,036.05 in Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 4,511 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $5.55, for a total transaction of $25,036.05. Following the sale, the director owned 67,489 shares in the company, valued at $374,563.95. The trade was a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Trio-Tech International Price Performance

Shares of NYSE:TRT opened at $20.05 on Monday. The firm has a 50 day moving average of $8.39 and a 200-day moving average of $6.32. Trio-Tech International has a 12 month low of $2.31 and a 12 month high of $21.38. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $179.71 million, a PE ratio of 143.21 and a beta of 1.98.

Institutional Investors Weigh In On Trio-Tech International

Several institutional investors and hedge funds have recently added to or reduced their stakes in TRT. Essex Investment Management Co. LLC acquired a new stake in shares of Trio-Tech International in the 4th quarter valued at $208,000. James Investment Research Inc. raised its holdings in shares of 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of 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 last quarter. 16.03% of the stock is currently owned by institutional investors.

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.