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 company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $5.61, for a total value of $28,050.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at approximately $280,500. This trade represents a 9.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Trio-Tech International Stock Performance

Shares of Trio-Tech International stock opened at $20.05 on Friday. Trio-Tech International has a 52 week low of $2.31 and a 52 week high of $21.38. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $8.39 and its 200-day simple moving average is $6.30. The firm has a market cap of $179.71 million, a PE ratio of 143.21 and a beta of 1.98.

Institutional Trading of Trio-Tech International

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of 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 in the last quarter. Essex Investment Management Co. LLC acquired a new stake in Trio-Tech International in the fourth quarter valued at approximately $208,000. Dimensional Fund Advisors LP raised its holdings in Trio-Tech International by 98.4% in the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock valued at $1,409,000 after acquiring an additional 120,888 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Trio-Tech International by 100.1% in the first quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock valued at $1,882,000 after acquiring an additional 162,848 shares in the last quarter. Finally, Compound Planning Inc. raised its holdings in Trio-Tech International by 85.8% in the first quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock valued at $3,592,000 after acquiring an additional 287,000 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.