Jason Adelman Sells 35,000 Shares of Trio-Tech International (NYSE:TRT) Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 35,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $17.39, for a total transaction of $608,650.00. Following the completion of the sale, the director directly owned 54,975 shares of the company’s stock, valued at $956,015.25. The trade was a 38.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Trio-Tech International Stock Down 11.6%

TRT stock traded down $1.57 during trading on Wednesday, reaching $12.05. The stock had a trading volume of 1,409,431 shares, compared to its average volume of 736,650. Trio-Tech International has a one year low of $2.31 and a one year 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 company’s 50 day moving average is $8.76 and its two-hundred day moving average is $6.47. The company has a market capitalization of $107.97 million, a price-to-earnings ratio of 86.00 and a beta of 1.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Essex Investment Management Co. LLC purchased a new stake in shares of Trio-Tech International during the 4th quarter valued at approximately $208,000. NewEdge Advisors LLC lifted its stake in Trio-Tech International by 100.0% in the 1st quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock worth $139,000 after purchasing an additional 12,008 shares in the last quarter. James Investment Research Inc. lifted its stake in Trio-Tech International by 100.0% in the 1st 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 in the last quarter. Geode Capital Management LLC lifted its stake in Trio-Tech International by 12.6% in the 4th 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. Finally, Empowered Funds LLC lifted its stake in Trio-Tech International by 33.2% in the 1st quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after purchasing an additional 12,441 shares in the last quarter. 16.03% of the stock is owned by institutional investors.

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.