Jason T. Adelman Sells 3,000 Shares of Trio-Tech International (NYSE:TRT) Stock

Trio-Tech International (NYSE:TRT) Director Jason T. Adelman sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $7.30, for a total transaction of $21,900.00. Following the completion of the transaction, the director now directly owns 27,000 shares of the company’s stock, valued at $197,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Trio-Tech International Stock Performance

Shares of TRT opened at $6.61 on Thursday. Trio-Tech International has a 1 year low of $4.64 and a 1 year high of $7.88. The stock has a market capitalization of $28.09 million, a PE ratio of 28.74 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.08 and a current ratio of 3.42. The stock has a 50-day simple moving average of $5.92 and a 200-day simple moving average of $6.10.

Trio-Tech International (NYSE:TRT) last issued its quarterly earnings results on Monday, September 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. Trio-Tech International had a net margin of 2.48% and a return on equity of 3.37%. The company had revenue of $9.75 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Trio-Tech International in a research note on Friday, October 18th. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its holdings in Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,396 shares of the company’s stock after buying an additional 2,275 shares during the period. Empowered Funds LLC owned about 0.73% of Trio-Tech International worth $193,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.