Trio-Tech International (NYSE:TRT) Director Jason Adelman Sells 14,975 Shares

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 14,975 shares of Trio-Tech International stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $13.99, for a total transaction of $209,500.25. Following the transaction, the director directly owned 40,000 shares in the company, valued at $559,600. This trade represents a 27.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Trio-Tech International Trading Down 11.6%

Shares of Trio-Tech International stock traded down $1.57 on Wednesday, hitting $12.05. The stock had a trading volume of 1,409,431 shares, compared to its average volume of 736,650. The stock has a market cap of $107.97 million, a price-to-earnings ratio of 86.04 and a beta of 1.98. Trio-Tech International has a one year low of $2.31 and a one year high of $21.38. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $8.76 and its two-hundred day simple moving average is $6.47.

Institutional Investors Weigh In On Trio-Tech International

A number of institutional investors have recently modified their holdings of TRT. Geode Capital Management LLC lifted its stake in Trio-Tech International by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock valued at $374,000 after acquiring an additional 3,164 shares during the period. James Investment Research Inc. raised its holdings in 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 purchasing an additional 12,008 shares during the period. NewEdge Advisors LLC lifted its position in shares of Trio-Tech International by 100.0% during the 1st quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock valued at $139,000 after buying an additional 12,008 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Trio-Tech International by 33.2% in the first 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 period. Finally, Essex Investment Management Co. LLC bought a new position in Trio-Tech International in the 4th quarter worth $208,000. 16.03% of the stock is owned by hedge funds and other 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.