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 Trio-Tech International stock in a transaction 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 transaction, the director owned 55,000 shares in the company, valued at approximately $320,100. This trade represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Trio-Tech International Stock Up 43.0%

Shares of TRT stock opened at $20.05 on Friday. Trio-Tech International has a 1 year low of $2.31 and a 1 year high of $21.38. The stock has a market cap of $179.71 million, a PE ratio of 143.21 and a beta of 1.98. The business’s fifty day moving average is $8.39 and its 200-day moving average is $6.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54.

Hedge Funds Weigh In On Trio-Tech International

Several hedge funds have recently modified their holdings of TRT. James Investment Research Inc. increased its position in shares of Trio-Tech International by 100.0% during the 1st 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 during the period. Essex Investment Management Co. LLC bought a new stake in shares of Trio-Tech International during the 4th quarter worth $208,000. Geode Capital Management LLC boosted its stake in shares of Trio-Tech International by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock worth $374,000 after acquiring an additional 3,164 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Trio-Tech International by 98.4% during the 1st 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Trio-Tech International by 100.1% during the 1st 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 in the last quarter. 16.03% of the stock is currently owned by institutional investors and hedge funds.

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.