Jason Adelman Sells 35,000 Shares of Trio-Tech International (NYSE:TRT) Stock

Trio-Tech International (NYSE:TRT) Director Jason Adelman sold 35,000 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $17.39, for a total value of $608,650.00. Following the completion of the transaction, the director owned 54,975 shares in the company, valued at $956,015.25. The trade was a 38.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Trio-Tech International Stock Up 1.8%

Shares of TRT opened at $13.31 on Friday. The firm has a market capitalization of $134.60 million, a price-to-earnings ratio of 95.07 and a beta of 1.98. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. The business’s fifty day moving average price is $9.05 and its two-hundred day moving average price is $6.61. Trio-Tech International has a 52 week low of $2.31 and a 52 week high of $21.38.

Institutional Investors Weigh In On Trio-Tech International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC bought a new stake in Trio-Tech International in the fourth quarter valued at about $208,000. NewEdge Advisors LLC increased its holdings in Trio-Tech International by 100.0% in the first quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock valued at $139,000 after purchasing an additional 12,008 shares during the last quarter. 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 valued at $139,000 after purchasing an additional 12,008 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 3,164 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Trio-Tech International by 33.2% in the first quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock valued at $288,000 after purchasing an additional 12,441 shares during the last quarter. Institutional investors own 16.03% of the company’s stock.

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.