Trio-Tech International (NYSE:TRT) Director Jason Adelman Sells 5,000 Shares

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 5,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $15.84, for a total value of $79,200.00. Following the completion of the transaction, the director directly owned 145,094 shares in the company, valued at $2,298,288.96. The trade was a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Trio-Tech International Price Performance

Shares of TRT opened at $13.37 on Wednesday. The stock has a market cap of $135.21 million, a P/E ratio of 95.50 and a beta of 1.91. Trio-Tech International has a 1 year low of $2.45 and a 1 year high of $21.38. The stock’s 50-day moving average price is $12.14 and its two-hundred day moving average price is $8.06. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Trio-Tech International

Several institutional investors and hedge funds have recently made changes to their positions in TRT. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 3,164 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in Trio-Tech International in the fourth quarter valued at about $208,000. James Investment Research Inc. increased 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 worth $139,000 after acquiring an additional 12,008 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Trio-Tech International by 98.4% during the first 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 during the period. Finally, Compound Planning Inc. raised 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 purchasing an additional 287,000 shares during the period. 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.