Jason T. Adelman Sells 2,000 Shares of Trio-Tech International (NYSE:TRT) 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 transaction of $14,780.00. Following the transaction, the director now owns 22,000 shares in the company, valued at $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 Securities & Exchange Commission, which is accessible through this link.

Trio-Tech International Trading Up 0.6 %

Shares of TRT traded up $0.04 during trading hours on Friday, hitting $6.22. The company had a trading volume of 4,367 shares, 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 quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average price is $6.01 and its 200 day moving average price is $6.14. The firm has a market cap of $26.45 million, a P/E ratio of 44.43 and a beta of 1.07.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC boosted its position in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to its most recent filing with the Securities & 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 approximately 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the Securities & Exchange Commission. 16.03% of the stock is currently owned by institutional investors.

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.