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

Trio-Tech International (NYSE:TRT) Director Jason T. Adelman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $7.39, for a total value of $14,780.00. Following 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Trio-Tech International Trading Up 0.6 %

Shares of NYSE TRT opened at $6.22 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. The business’s 50 day moving average price is $6.01 and its 200-day moving average price is $6.14. Trio-Tech International has a fifty-two week low of $5.22 and a fifty-two week high of $7.88. The company has a market cap of $26.45 million, a price-to-earnings ratio of 44.43 and a beta of 1.07.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP raised its stake in shares of Trio-Tech International (NYSE:TRT) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,064 shares of the company’s stock after acquiring an additional 8,030 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.87% of Trio-Tech International worth $709,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 16.03% of the company’s 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.