Key Points
- Director Jason Adelman sold 35,000 shares of Trio-Tech International at an average price of $17.39, totaling $608,650. After the transaction, he still held 54,975 shares, a 38.9% reduction in his ownership.
- TRT stock was down 4.0% and opened at $13.08. The company has a market cap of $132.28 million, with a 52-week range of $2.31 to $21.38.
- Institutional investors have been active in Trio-Tech International, with several firms increasing positions in recent quarters. About 16.03% of the stock is currently owned by institutional investors.
Trio-Tech International (NYSE:TRT - Get Free Report) Director Jason Adelman sold 14,975 shares of the business's stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $13.99, for a total value of $209,500.25. Following the completion of the transaction, the director directly owned 40,000 shares in the company, valued at approximately $559,600. This represents a 27.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Trio-Tech International Stock Down 4.0%
TRT stock opened at $13.08 on Thursday. The stock's fifty day simple moving average is $8.90 and its two-hundred day simple moving average is $6.54. 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 1-year low of $2.31 and a 1-year high of $21.38. The stock has a market cap of $132.28 million, a P/E ratio of 93.43 and a beta of 1.98.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of TRT. Geode Capital Management LLC boosted its position in Trio-Tech International by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 28,261 shares of the company's stock worth $374,000 after purchasing an additional 3,164 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in Trio-Tech International in the fourth quarter worth $208,000. James Investment Research Inc. boosted its position in Trio-Tech International by 100.0% in the first quarter. James Investment Research Inc. now owns 24,016 shares of the company's stock worth $139,000 after purchasing an additional 12,008 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Trio-Tech International by 98.4% in the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company's stock worth $1,409,000 after purchasing an additional 120,888 shares during the last quarter. Finally, Compound Planning Inc. boosted its position in Trio-Tech International by 85.8% in 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 during the last quarter. Hedge funds and other institutional investors own 16.03% of the company's stock.
About Trio-Tech International
(
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.
See Also
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].
