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

Trio-Tech International (NYSE:TRT) Director Jason T. Adelman sold 2,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $6.00, for a total transaction of $12,000.00. Following the completion of the sale, the director now owns 18,000 shares in the company, valued at approximately $108,000. The trade was a 10.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Trio-Tech International Stock Up 0.6 %

Shares of NYSE TRT opened at $6.22 on Friday. The firm’s 50-day moving average price is $6.01 and its 200-day moving average price is $6.14. 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 $26.45 million, a price-to-earnings ratio of 44.43 and a beta of 1.07. Trio-Tech International has a 12-month low of $5.22 and a 12-month high of $7.88.

Analyst Upgrades and Downgrades

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

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC grew its holdings in shares of Trio-Tech International (NYSE:TRT) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,478 shares of the company’s stock after buying an additional 1,742 shares during the quarter. Empowered Funds LLC owned 0.81% of Trio-Tech International worth $191,000 at the end of the most recent reporting period. 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.