Jason Adelman Sells 4,511 Shares of Trio-Tech International (NYSE:TRT) 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 value of $25,036.05. Following the sale, the director directly owned 67,489 shares in the company, valued at $374,563.95. This trade represents a 6.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Trio-Tech International Price Performance

TRT traded up $6.03 during trading on Friday, reaching $20.05. 4,631,236 shares of the company were exchanged, compared to its average volume of 696,433. The company’s 50-day moving average is $8.39 and its two-hundred day moving average is $6.30. The company 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 quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 12-month low of $2.31 and a 12-month high of $21.38.

Institutional Trading of Trio-Tech International

A number of institutional investors have recently added to or reduced their stakes in TRT. James Investment Research Inc. lifted its holdings 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 purchasing an additional 12,008 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in Trio-Tech International during the 4th quarter worth about $208,000. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 3,164 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 purchasing an additional 120,888 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings 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 purchasing an additional 162,848 shares in the last quarter. Hedge funds and other institutional investors 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.