Trio-Tech International (NYSE:TRT) Director Sells $29,100.00 in Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $5.82, for a total value of $29,100.00. Following the transaction, the director directly owned 55,000 shares of the company’s stock, valued at approximately $320,100. This represents a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Trio-Tech International Stock Performance

TRT opened at $20.05 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. Trio-Tech International has a one year low of $2.31 and a one year high of $21.38. The company has a market cap of $179.71 million, a P/E ratio of 143.21 and a beta of 1.98. The business’s 50-day simple moving average is $8.39 and its 200-day simple moving average is $6.32.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Compound Planning Inc. grew its position in shares of Trio-Tech International by 85.8% in the 1st quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock valued at $3,592,000 after buying an additional 287,000 shares during the last quarter. Renaissance Technologies LLC lifted its position 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 during the last quarter. Dimensional Fund Advisors LP lifted its position 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 during the last quarter. Essex Investment Management Co. LLC acquired a new position in Trio-Tech International in the fourth quarter valued at $208,000. Finally, James Investment Research Inc. grew its holdings in shares of Trio-Tech International by 100.0% during the first 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 during the last quarter. Institutional investors and hedge funds 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.