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 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 transaction, the director owned 40,000 shares of the company’s stock, valued at $559,600. This trade represents a 27.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Trio-Tech International Trading Down 11.6%

NYSE TRT traded down $1.57 on Wednesday, hitting $12.05. 1,409,431 shares of the stock were exchanged, compared to its average volume of 736,650. Trio-Tech International has a 52-week low of $2.31 and a 52-week high of $21.38. The firm has a market capitalization of $107.97 million, a P/E ratio of 86.04 and a beta of 1.98. 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 stock has a fifty day moving average price of $8.76 and a two-hundred day moving average price of $6.47.

Institutional Trading of Trio-Tech International

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