Jason T. Adelman Sells 2,000 Shares of Trio-Tech International (NYSE:TRT) Stock

Trio-Tech International (NYSE:TRT) Director Jason T. Adelman sold 2,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $7.32, for a total transaction of $14,640.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at approximately $146,400. This trade represents a 9.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Trio-Tech International Stock Performance

TRT traded up $0.04 during midday trading on Friday, hitting $6.22. 4,367 shares of the company were exchanged, compared to its average volume of 7,460. The company’s 50 day simple moving average is $6.01 and its 200 day simple moving average is $6.14. The firm has a market capitalization of $26.45 million, a price-to-earnings ratio of 44.43 and a beta of 1.07. Trio-Tech International has a 1-year low of $5.22 and a 1-year high of $7.88. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Trio-Tech International in a research note on Sunday, February 23rd. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC increased its position in shares of Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,478 shares of the company’s stock after buying an additional 1,742 shares during the period. Empowered Funds LLC owned 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 16.03% of the company’s stock.

Trio-Tech International Company Profile

Trio-Tech International, together with its subsidiaries, offers manufacturing, testing, and distribution services to the semiconductor industry. It operates through four segments: Manufacturing, Testing Services, Distribution, and Real Estate. The company develops and manufactures test equipment used in front-end and back-end manufacturing processes of semiconductors.