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

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

Trio-Tech International Stock Performance

Shares of TRT stock opened at $20.05 on Friday. The firm has a market capitalization of $179.71 million, a price-to-earnings 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. The business has a fifty day moving average of $8.39 and a 200 day moving average of $6.30. Trio-Tech International has a 1 year low of $2.31 and a 1 year high of $21.38.

Hedge Funds Weigh In On Trio-Tech International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TRT. James Investment Research Inc. raised 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 acquiring an additional 12,008 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Trio-Tech International in the 4th quarter valued at $208,000. Geode Capital Management LLC boosted 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 during the last quarter. Dimensional Fund Advisors LP boosted 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 during the last quarter. Finally, Renaissance Technologies LLC boosted 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 during 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.