Insider Selling: Trio-Tech International (NYSE:TRT) Director Sells 35,000 Shares of Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 35,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $17.39, for a total transaction of $608,650.00. Following the transaction, the director owned 54,975 shares in the company, valued at $956,015.25. This represents a 38.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Trio-Tech International Stock Down 11.6%

Shares of NYSE TRT traded down $1.57 during trading on Wednesday, hitting $12.05. 1,409,431 shares of the company traded hands, compared to its average volume of 736,650. The business’s fifty day moving average is $8.76 and its 200 day moving average is $6.47. Trio-Tech International has a fifty-two week low of $2.31 and a fifty-two week high of $21.38. The firm has a market capitalization of $107.97 million, a price-to-earnings ratio of 86.00 and a beta of 1.98. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54.

Hedge Funds Weigh In On Trio-Tech International

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its position in shares of Trio-Tech International by 100.0% during the first quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock worth $139,000 after acquiring an additional 12,008 shares in the last quarter. Empowered Funds LLC increased its position in shares of Trio-Tech International by 33.2% during the first quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after acquiring an additional 12,441 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Trio-Tech International by 100.1% during the first quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock worth $1,882,000 after acquiring an additional 162,848 shares in the last quarter. Compound Planning Inc. increased its position in shares of Trio-Tech International by 85.8% during the first quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock worth $3,592,000 after acquiring an additional 287,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Trio-Tech International by 98.4% in 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. Institutional investors and hedge funds 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.