Trio-Tech International (NYSE:TRT) Director Sells $14,780.00 in Stock

Trio-Tech International (NYSE:TRT) Director Jason T. Adelman sold 2,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $7.39, for a total transaction of $14,780.00. Following the completion of the transaction, the director now directly owns 22,000 shares of the company’s stock, valued at approximately $162,580. The trade was a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Trio-Tech International Stock Up 0.6 %

NYSE TRT traded up $0.04 during trading hours on Friday, reaching $6.22. 4,367 shares of the company’s stock traded hands, compared to its average volume of 7,460. Trio-Tech International has a 52-week low of $5.22 and a 52-week high of $7.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25. The firm has a 50-day simple moving average of $6.01 and a 200 day simple moving average of $6.14. The firm has a market cap of $26.45 million, a PE ratio of 44.43 and a beta of 1.07.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC raised its stake in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,478 shares of the company’s stock after buying an additional 1,742 shares during the quarter. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 at the end of the most recent quarter. Institutional investors and hedge funds own 16.03% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Trio-Tech International in a report on Sunday, February 23rd. They set a “buy” rating on the stock.

Trio-Tech International Company Profile

Trio-Tech International, together with its subsidiaries, offers manufacturing, testing, and distribution services to the semiconductor industry. It operates through four segments: Manufacturing, Testing Services, Distribution, and Real Estate. The company develops and manufactures test equipment used in front-end and back-end manufacturing processes of semiconductors.