Jason Adelman Sells 5,000 Shares of Trio-Tech International (NYSE:TRT) Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $5.82, for a total value of $29,100.00. Following the completion of the transaction, the director directly owned 55,000 shares of the company’s stock, valued at $320,100. This represents a 8.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Trio-Tech International Trading Up 43.0%

Shares of Trio-Tech International stock traded up $6.03 on Friday, hitting $20.05. The stock had a trading volume of 4,631,236 shares, compared to its average volume of 696,433. The stock has a 50 day moving average of $8.39 and a 200 day moving average of $6.30. Trio-Tech International has a twelve month low of $2.31 and a twelve month 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 firm has a market capitalization of $179.71 million, a P/E ratio of 143.21 and a beta of 1.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Trio-Tech International by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock valued at $374,000 after buying an additional 3,164 shares during the period. James Investment Research Inc. increased its stake in shares of Trio-Tech International by 100.0% in 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. Essex Investment Management Co. LLC bought a new position in shares of Trio-Tech International during the fourth quarter worth about $208,000. Dimensional Fund Advisors LP lifted its stake in shares of Trio-Tech International by 98.4% in the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock worth $1,409,000 after acquiring an additional 120,888 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Trio-Tech International by 100.1% in the first quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock worth $1,882,000 after acquiring an additional 162,848 shares during the period. 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.