Trio-Tech International (NYSE:TRT – Get Free Report) Director Jason Adelman sold 5,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $5.82, for a total value of $29,100.00. Following the completion of the transaction, the director owned 55,000 shares of the company’s stock, valued at approximately $320,100. This trade represents a 8.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Trio-Tech International Price Performance
TRT opened at $20.05 on Friday. The stock has a fifty day simple moving average of $8.39 and a two-hundred day simple moving average of $6.30. The company has a market cap of $179.71 million, a price-to-earnings ratio of 143.21 and a beta of 1.98. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 12-month low of $2.31 and a 12-month high of $21.38.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Compound Planning Inc. lifted its position in Trio-Tech International by 85.8% during the 1st quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock valued at $3,592,000 after acquiring an additional 287,000 shares during the period. Renaissance Technologies LLC lifted its position in 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 acquiring an additional 162,848 shares during the period. Dimensional Fund Advisors LP lifted its position in Trio-Tech International by 98.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock valued at $1,409,000 after acquiring an additional 120,888 shares during the period. 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 valued at $374,000 after acquiring an additional 3,164 shares during the period. Finally, James Investment Research Inc. lifted its position in Trio-Tech International by 100.0% during the 1st quarter. James Investment Research Inc. now owns 24,016 shares of the company’s stock valued at $139,000 after acquiring an additional 12,008 shares during the period. 16.03% of the stock is owned by hedge funds and other institutional investors.
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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