Trio-Tech International (NYSE:TRT) Director Jason Adelman Sells 35,000 Shares

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 35,000 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $17.39, for a total transaction of $608,650.00. Following the completion of the transaction, the director directly owned 54,975 shares in the company, valued at approximately $956,015.25. This represents a 38.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Trio-Tech International Stock Performance

Shares of TRT stock opened at $13.08 on Thursday. The company’s fifty day simple moving average is $8.90 and its 200-day simple moving average is $6.54. Trio-Tech International has a 52 week low of $2.31 and a 52 week high of $21.38. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02. The company has a market cap of $132.28 million, a PE ratio of 93.43 and a beta of 1.98.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its holdings 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 acquiring an additional 12,008 shares in the last quarter. James Investment Research Inc. lifted its position 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 worth $139,000 after buying an additional 12,008 shares during the last quarter. Essex Investment Management Co. LLC bought a new position in shares of Trio-Tech International in the 4th quarter worth about $208,000. Empowered Funds LLC lifted its position in shares of Trio-Tech International by 33.2% in the 1st quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after buying an additional 12,441 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position 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 worth $374,000 after buying an additional 3,164 shares during the last quarter. 16.03% of the stock is owned by institutional investors and hedge funds.

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.