Trio-Tech International (NYSE:TRT) Director Sells $21,900.00 in Stock

Trio-Tech International (NYSE:TRT) Director Jason T. Adelman sold 3,000 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $7.30, for a total value of $21,900.00. Following the sale, the director now directly owns 27,000 shares in the company, valued at $197,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Trio-Tech International Trading Down 3.3 %

Trio-Tech International stock opened at $6.70 on Wednesday. Trio-Tech International has a one year low of $4.64 and a one year high of $7.88. The business’s fifty day moving average is $5.89 and its 200 day moving average is $6.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.42 and a quick ratio of 3.08. The stock has a market capitalization of $28.45 million, a PE ratio of 29.11 and a beta of 1.02.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC raised its position in Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,396 shares of the company’s stock after acquiring an additional 2,275 shares during the quarter. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 at the end of the most recent quarter. 16.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Trio-Tech International in a research report on Friday, October 18th. They set a “buy” rating on the 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.