Insider Selling: Trio-Tech International (NYSE:TRT) Director Sells $209,500.25 in Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 14,975 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $13.99, for a total transaction of $209,500.25. Following the completion of the sale, the director owned 40,000 shares in the company, valued at $559,600. This represents a 27.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Trio-Tech International Stock Up 3.8%

Shares of NYSE:TRT opened at $13.82 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 debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. The company’s fifty day moving average is $9.21 and its 200-day moving average is $6.66. The company has a market capitalization of $139.76 million, a PE ratio of 98.71 and a beta of 1.98.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC acquired a new position in Trio-Tech International during the 4th quarter worth about $208,000. Geode Capital Management LLC lifted its position in Trio-Tech International by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock worth $374,000 after buying an additional 3,164 shares in the last quarter. NewEdge Advisors LLC lifted its position in Trio-Tech International by 100.0% during the 1st quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock worth $139,000 after buying an additional 12,008 shares in the last quarter. Empowered Funds LLC lifted its position in Trio-Tech International by 33.2% during the 1st quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after buying an additional 12,441 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Trio-Tech International by 100.1% during the 1st quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock worth $1,882,000 after buying an additional 162,848 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.