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

Trio-Tech International (NYSE:TRT) Director Jason T. Adelman sold 2,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $6.00, for a total transaction of $12,000.00. Following the transaction, the director now directly owns 18,000 shares in the company, valued at $108,000. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Trio-Tech International Stock Up 0.6 %

Shares of TRT traded up $0.04 during trading hours on Friday, reaching $6.22. The stock had a trading volume of 4,367 shares, compared to its average volume of 7,460. The firm 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 12 month low of $5.22 and a 12 month high of $7.88. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $26.45 million, a price-to-earnings ratio of 44.43 and a beta of 1.07.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Trio-Tech International stock. Dimensional Fund Advisors LP increased its holdings in Trio-Tech International (NYSE:TRT) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,064 shares of the company’s stock after acquiring an additional 8,030 shares during the period. Dimensional Fund Advisors LP owned about 2.87% of Trio-Tech International worth $709,000 at the end of the most recent quarter. 16.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Trio-Tech International in a 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.