Jason Adelman Sells 4,511 Shares of Trio-Tech International (NYSE:TRT) Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 4,511 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $5.55, for a total value of $25,036.05. Following the completion of the sale, the director directly owned 67,489 shares in the company, valued at approximately $374,563.95. The trade was a 6.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Trio-Tech International Price Performance

Shares of NYSE:TRT traded up $6.03 on Friday, hitting $20.05. The company’s stock had a trading volume of 4,631,236 shares, compared to its average volume of 696,433. The company has a 50-day simple moving average of $8.39 and a 200 day simple moving average of $6.30. Trio-Tech International has a 1 year low of $2.31 and a 1 year high of $21.38. The company has a market capitalization of $179.71 million, a PE ratio of 143.21 and a beta of 1.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25.

Institutional Trading of Trio-Tech International

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of Trio-Tech International by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock valued at $374,000 after acquiring an additional 3,164 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Trio-Tech International in the 4th quarter valued at about $208,000. Dimensional Fund Advisors LP raised its holdings in shares of Trio-Tech International by 98.4% in the 1st 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 shares of Trio-Tech International by 100.1% in the 1st 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 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 acquiring an additional 287,000 shares in the last quarter. Hedge funds and other institutional investors 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.