Trio-Tech International (NYSE:TRT – Get Free Report) Director Jason Adelman sold 5,000 shares of Trio-Tech International stock in a transaction on 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 sale, the director directly owned 145,094 shares of the company’s stock, valued at approximately $2,298,288.96. This represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Trio-Tech International Trading Down 10.1%
Trio-Tech International stock traded down $1.47 during trading on Tuesday, hitting $13.03. The company’s stock had a trading volume of 703,920 shares, compared to its average volume of 794,898. The stock’s fifty day moving average is $12.00 and its 200 day moving average is $8.00. Trio-Tech International has a 1-year low of $2.45 and a 1-year high of $21.38. The stock has a market capitalization of $131.77 million, a price-to-earnings ratio of 93.07 and a beta of 1.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54.
Hedge Funds Weigh In On Trio-Tech International
Large investors have recently bought and sold shares of the stock. Empowered Funds LLC grew its stake 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. NewEdge Advisors LLC raised its position in shares of Trio-Tech International by 100.0% in the 1st quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock worth $139,000 after buying an additional 12,008 shares during the period. Renaissance Technologies LLC boosted its holdings in 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 acquiring an additional 162,848 shares during the last quarter. Compound Planning Inc. boosted its holdings in Trio-Tech International by 85.8% in the first 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 last quarter. Finally, Dimensional Fund Advisors LP grew its position 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 valued at $1,409,000 after acquiring an additional 120,888 shares during the period. Hedge funds and other 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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