Trio-Tech International (NYSE:TRT – Get Free Report) Director Jason Adelman sold 7,489 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $5.53, for a total transaction of $41,414.17. Following the transaction, the director directly owned 60,000 shares in the company, valued at approximately $331,800. This trade represents a 11.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Trio-Tech International Price Performance
Shares of NYSE TRT opened at $20.05 on Monday. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 52 week low of $2.31 and a 52 week high of $21.38. The firm has a 50-day moving average price of $8.39 and a 200 day moving average price of $6.32. The stock has a market capitalization of $179.71 million, a price-to-earnings ratio of 143.21 and a beta of 1.98.
Hedge Funds Weigh In On Trio-Tech International
Several hedge funds have recently bought and sold shares of the company. Compound Planning Inc. boosted 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 purchasing an additional 287,000 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Trio-Tech International by 100.1% in the first 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Trio-Tech International by 98.4% in the first 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. Essex Investment Management Co. LLC purchased a new position in shares of Trio-Tech International in the fourth quarter valued at $208,000. Finally, James Investment Research Inc. raised its stake in shares of Trio-Tech International by 100.0% during the 1st 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 hedge funds and other institutional investors.
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.
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