Jason Adelman Sells 14,975 Shares of Trio-Tech International (NYSE:TRT) Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 14,975 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $13.99, for a total transaction of $209,500.25. Following the transaction, the director owned 40,000 shares in the company, valued at $559,600. The trade was a 27.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Trio-Tech International Stock Up 1.8%

TRT stock opened at $13.31 on Friday. The company has a market cap of $134.60 million, a price-to-earnings ratio of 95.07 and a beta of 1.98. The company has a current ratio of 4.54, a quick ratio of 4.25 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. The firm has a 50-day moving average of $9.05 and a two-hundred day moving average of $6.61.

Hedge Funds Weigh In On Trio-Tech International

A number of institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its holdings in shares of Trio-Tech International by 100.0% during the 1st quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock worth $139,000 after acquiring an additional 12,008 shares during the period. James Investment Research Inc. grew its holdings in shares of Trio-Tech International by 100.0% in the first quarter. James Investment Research Inc. now owns 24,016 shares of the company’s stock valued at $139,000 after purchasing an additional 12,008 shares during the period. Essex Investment Management Co. LLC purchased a new stake in shares of Trio-Tech International in the fourth quarter valued at about $208,000. Empowered Funds LLC increased its position in 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 purchasing an additional 12,441 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Trio-Tech International by 12.6% during the fourth 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 during the period. Hedge funds and other institutional investors own 16.03% of the company’s stock.

Trio-Tech International Company Profile

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.