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 business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $6.00, for a total value of $12,000.00. Following the completion of the transaction, the director now owns 18,000 shares in the company, valued at $108,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Trio-Tech International Price Performance

Shares of Trio-Tech International stock opened at $6.22 on Friday. The stock’s 50-day simple moving average is $6.01 and its 200-day simple moving average is $6.15. Trio-Tech International has a 52 week low of $5.22 and a 52 week high of $7.88. The company has a market capitalization of $26.45 million, a price-to-earnings ratio of 44.43 and a beta of 1.07. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC lifted its position in Trio-Tech International (NYSE:TRT) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,478 shares of the company’s stock after purchasing 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 reporting period. Hedge funds and other institutional investors own 16.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Trio-Tech International in a research report on Sunday, February 23rd. They issued 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.