Key Points
- Director Jason Adelman sold 4,511 shares of Trio-Tech International at an average price of $5.55, for proceeds of about $25,036. After the sale, he still owned 67,489 shares, reducing his stake by 6.27%.
- TRT stock has surged sharply, opening at $20.05 and trading near its 12-month high of $21.38. The company also shows a much higher recent price than its 50-day and 200-day moving averages.
- Institutional investors have been buying in, with firms like Compound Planning, Renaissance Technologies, and Dimensional Fund Advisors significantly increasing their positions. Hedge funds and other institutions now own 16.03% of the stock.
Trio-Tech International (NYSE:TRT - Get Free Report) Director Jason Adelman sold 4,511 shares of the company's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $5.55, for a total transaction of $25,036.05. Following the completion of the sale, the director directly owned 67,489 shares in the company, valued at $374,563.95. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Trio-Tech International Stock Up 43.0%
TRT stock opened at $20.05 on Friday. The firm's fifty day simple moving average is $8.39 and its 200-day simple moving average is $6.30. The company has a market capitalization of $179.71 million, a P/E ratio of 143.21 and a beta of 1.98. 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 12 month low of $2.31 and a 12 month high of $21.38.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Compound Planning Inc. raised 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 valued at $3,592,000 after acquiring an additional 287,000 shares in the last quarter. Renaissance Technologies LLC raised its position in Trio-Tech International by 100.1% during 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 in the last quarter. Dimensional Fund Advisors LP raised 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 in the last quarter. Geode Capital Management LLC raised its position 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 valued at $374,000 after acquiring an additional 3,164 shares in the last quarter. Finally, James Investment Research Inc. boosted 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 acquiring an additional 12,008 shares in the last quarter. 16.03% of the stock is currently owned by hedge funds and other institutional investors.
Trio-Tech International Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
