Jason Adelman Sells 4,511 Shares of Trio-Tech International (NYSE:TRT) Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 4,511 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $5.55, for a total transaction of $25,036.05. Following the completion of the sale, the director directly owned 67,489 shares of the company’s stock, valued at approximately $374,563.95. The trade was a 6.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Trio-Tech International Trading Up 43.0%

Shares of Trio-Tech International stock opened at $20.05 on Friday. The firm has a 50-day moving average of $8.39 and a 200-day moving average of $6.30. The stock has a market cap of $179.71 million, a PE ratio of 143.21 and a beta of 1.98. Trio-Tech International has a 52-week low of $2.31 and a 52-week high of $21.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54.

Institutional Investors Weigh In On Trio-Tech International

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Trio-Tech International by 12.6% in the fourth 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. Essex Investment Management Co. LLC acquired a new stake in Trio-Tech International during the fourth quarter worth approximately $208,000. Dimensional Fund Advisors LP grew its position in Trio-Tech International by 98.4% during the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock worth $1,409,000 after buying an additional 120,888 shares in the last quarter. Renaissance Technologies LLC grew its position in Trio-Tech International by 100.1% during the first 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. Finally, Compound Planning Inc. grew its position in Trio-Tech International by 85.8% during the first 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. Institutional investors own 16.03% of the company’s stock.

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.