Trio-Tech International (NYSE:TRT) Director Sells $28,050.00 in Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 5,000 shares of Trio-Tech International stock in a transaction on Monday, March 16th. The shares were sold at an average price of $5.61, for a total transaction of $28,050.00. Following the sale, the director directly owned 50,000 shares of the company’s stock, valued at $280,500. This trade represents a 9.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Trio-Tech International Stock Performance

Trio-Tech International stock opened at $20.05 on Monday. Trio-Tech International has a 12 month low of $2.31 and a 12 month 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 has a market cap of $179.71 million, a P/E ratio of 143.21 and a beta of 1.98. The company’s fifty day simple moving average is $8.39 and its 200-day simple moving average is $6.32.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Compound Planning Inc. increased its position in Trio-Tech International by 85.8% in the 1st quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock worth $3,592,000 after purchasing an additional 287,000 shares during the last quarter. Renaissance Technologies LLC lifted its holdings 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 valued at $1,882,000 after buying an additional 162,848 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Trio-Tech International by 98.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock valued at $1,409,000 after buying an additional 120,888 shares in the last quarter. Geode Capital Management LLC grew its stake 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 valued at $374,000 after buying an additional 3,164 shares in the last quarter. Finally, James Investment Research Inc. increased its holdings in Trio-Tech International by 100.0% in the first 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. 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.