Jason Adelman Sells 5,000 Shares of Trio-Tech International (NYSE:TRT) Stock

by · The Markets Daily

Trio-Tech International (NYSE:TRT – Get Free Report) Director Jason Adelman sold 5,000 shares of Trio-Tech International stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $15.84, for a total value of $79,200.00. Following the completion of the transaction, the director directly owned 145,094 shares in the company, valued at $2,298,288.96. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Trio-Tech International Trading Down 10.1%

Shares of NYSE:TRT traded down $1.47 during trading on Tuesday, reaching $13.03. 703,920 shares of the stock were exchanged, compared to its average volume of 794,898. The firm’s 50-day moving average price is $12.00 and its 200 day moving average price is $8.00. The firm has a market cap of $131.77 million, a price-to-earnings ratio of 93.07 and a beta of 1.90. Trio-Tech International has a 12-month low of $2.45 and a 12-month 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 Trading of Trio-Tech International

Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its stake in shares of Trio-Tech International by 100.0% during the first quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock worth $139,000 after purchasing an additional 12,008 shares in the last quarter. James Investment Research Inc. grew its stake in shares of 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 buying an additional 12,008 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Trio-Tech International during the 4th quarter valued at about $208,000. Empowered Funds LLC raised its holdings 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 valued at $288,000 after buying an additional 12,441 shares during the period. Finally, Geode Capital Management LLC lifted its position 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 worth $374,000 after acquiring an additional 3,164 shares in the last quarter. 16.03% of the stock is owned by hedge funds and other institutional investors.

About Trio-Tech International

(Get Free Report)

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.

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