Trio-Tech International (NYSE:TRT) Director Jason Adelman Sells 7,489 Shares

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 7,489 shares of Trio-Tech International stock in a transaction on Friday, March 6th. The shares were sold at an average price of $5.53, for a total value of $41,414.17. Following the completion of the transaction, the director owned 60,000 shares of the company’s stock, valued at approximately $331,800. The trade was a 11.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Trio-Tech International Price Performance

TRT opened at $20.05 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25. Trio-Tech International has a one year low of $2.31 and a one year high of $21.38. The stock has a market capitalization of $179.71 million, a P/E ratio of 143.21 and a beta of 1.98. The company’s 50 day simple moving average is $8.39 and its 200-day simple moving average is $6.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TRT. Renaissance Technologies LLC increased its stake in Trio-Tech International by 100.1% in the first quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock valued at $1,882,000 after purchasing an additional 162,848 shares in the last quarter. Compound Planning Inc. increased its stake 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 purchasing an additional 287,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 120,888 shares in the last quarter. James Investment Research Inc. increased its stake in 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 purchasing an additional 12,008 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in Trio-Tech International in the fourth quarter valued at approximately $208,000. 16.03% of the stock is currently owned by 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.