Trio-Tech International (NYSE:TRT) Director Sells $79,200.00 in Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 5,000 shares of Trio-Tech International stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $15.84, for a total value of $79,200.00. Following the transaction, the director owned 145,094 shares of the company’s stock, valued at $2,298,288.96. The trade was a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Trio-Tech International Stock Down 3.4%

Shares of TRT opened at $12.07 on Friday. Trio-Tech International has a 52 week low of $2.56 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 company has a market capitalization of $122.06 million, a price-to-earnings ratio of 86.21 and a beta of 1.91. The stock’s 50-day moving average price is $12.36 and its 200-day moving average price is $8.18.

Institutional Investors Weigh In On Trio-Tech International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake 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 purchasing an additional 3,164 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Trio-Tech International during the fourth quarter worth $208,000. James Investment Research Inc. grew its position in Trio-Tech International by 100.0% during the first quarter. James Investment Research Inc. now owns 24,016 shares of the company’s stock valued at $139,000 after buying an additional 12,008 shares during the period. Dimensional Fund Advisors LP increased 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 buying an additional 120,888 shares in the last quarter. Finally, Compound Planning Inc. increased 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 buying an additional 287,000 shares in 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.