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 on Monday, November 25th. The stock was sold at an average price of $7.32, for a total value of $14,640.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $146,400. The trade was a 9.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Trio-Tech International Stock Performance

TRT stock opened at $6.22 on Friday. The company has a market capitalization of $26.45 million, a P/E ratio of 44.43 and a beta of 1.07. The company has a 50-day simple moving average of $6.01 and a 200 day simple moving average of $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 quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC increased its stake in Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 quarter. Institutional investors and hedge funds own 16.03% of the company’s 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.