Insider Selling: Trio-Tech International (NYSE:TRT) Director Sells 2,000 Shares of Stock

Trio-Tech International (NYSE:TRT) Director Jason T. Adelman sold 2,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $6.00, for a total transaction of $12,000.00. Following the completion of the sale, the director now owns 18,000 shares of the company’s stock, valued at approximately $108,000. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Trio-Tech International Stock Performance

Shares of Trio-Tech International stock traded up $0.04 during trading hours on Friday, hitting $6.22. 4,367 shares of the company’s stock traded hands, compared to its average volume of 7,460. The company has a fifty day simple moving average of $6.01 and a 200-day simple moving average of $6.14. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25. The stock has a market capitalization of $26.45 million, a price-to-earnings ratio of 44.43 and a beta of 1.07. Trio-Tech International has a 12-month low of $5.22 and a 12-month high of $7.88.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Trio-Tech International in a research report on Sunday, February 23rd. They set a “buy” rating for the company.

Institutional Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Dimensional Fund Advisors LP lifted its stake in shares of Trio-Tech International (NYSE:TRT) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,064 shares of the company’s stock after purchasing an additional 8,030 shares during the period. Dimensional Fund Advisors LP owned 2.87% of Trio-Tech International worth $709,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.03% of the company’s 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.