Trio-Tech International (NYSE:TRT – Get Free Report) Director Jason Adelman sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $5.61, for a total value of $28,050.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at $280,500. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Trio-Tech International Stock Up 43.0%
Shares of NYSE:TRT traded up $6.03 during trading on Friday, reaching $20.05. 4,631,236 shares of the stock were exchanged, compared to its average volume of 696,433. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25. Trio-Tech International has a 1-year low of $2.31 and a 1-year high of $21.38. The stock has a fifty day moving average of $8.39 and a two-hundred day moving average of $6.30. The firm has a market cap of $179.71 million, a price-to-earnings ratio of 143.21 and a beta of 1.98.
Institutional Investors Weigh In On Trio-Tech International
Several institutional investors have recently bought and sold shares of TRT. Geode Capital Management LLC grew its holdings in Trio-Tech International by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 28,261 shares of the company’s stock worth $374,000 after buying an additional 3,164 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in Trio-Tech International during the fourth quarter worth $208,000. James Investment Research Inc. grew its holdings in Trio-Tech International by 100.0% during 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings 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. Finally, Compound Planning Inc. grew its holdings 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.
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