Trio-Tech International (NYSE:TRT) Director Jason T. Adelman Sells 2,000 Shares

Trio-Tech International (NYSE:TRT) Director Jason T. Adelman sold 2,000 shares of Trio-Tech International stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $6.00, for a total value of $12,000.00. Following the completion of the sale, the director now directly owns 18,000 shares in the company, valued at $108,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Trio-Tech International Trading Up 0.6 %

Shares of NYSE TRT opened at $6.22 on Friday. The business’s 50 day moving average is $6.01 and its two-hundred day moving average is $6.15. 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 1-year low of $5.22 and a 1-year high of $7.88. The stock has a market capitalization of $26.45 million, a P/E ratio of 44.43 and a beta of 1.07.

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC boosted its stake in shares of Trio-Tech International (NYSE:TRT) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,478 shares of the company’s stock after acquiring an additional 1,742 shares during the quarter. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 as of its most recent SEC filing. Institutional investors own 16.03% of the company’s stock.

Analyst Ratings Changes

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

About Trio-Tech International

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.