Trio-Tech International (NYSE:TRT) Director Sells $608,650.00 in Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 35,000 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $17.39, for a total transaction of $608,650.00. Following the sale, the director directly owned 54,975 shares in the company, valued at $956,015.25. This trade represents a 38.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Trio-Tech International Trading Up 3.8%

Shares of NYSE:TRT opened at $13.82 on Friday. The company’s 50-day moving average price is $9.21 and its two-hundred day moving average price is $6.66. 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 $139.76 million, a PE ratio of 98.71 and a beta of 1.98.

Institutional Investors Weigh In On Trio-Tech International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Compound Planning Inc. lifted its position in Trio-Tech International by 85.8% during the 1st quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock worth $3,592,000 after buying an additional 287,000 shares in the last quarter. Renaissance Technologies LLC lifted its position in 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 buying an additional 162,848 shares in the last quarter. Dimensional Fund Advisors LP increased 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 purchasing an additional 120,888 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Trio-Tech International by 33.2% during the 1st quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after purchasing an additional 12,441 shares during the last quarter. Finally, Geode Capital Management LLC increased 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 purchasing an additional 3,164 shares during the last quarter. 16.03% of the stock is owned by institutional investors.

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.