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Jason Adelman, a director at Trio-Tech International (NYSE:TRT), has recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. Adelman executed a series of transactions from October 16, 2024, through February 27, 2025, selling a total of 12,000 shares. The sales were conducted at prices ranging from $6.00 to $7.39 per share, amounting to a total transaction value of approximately $82,130. The stock has shown positive momentum, with a 7.6% return over the past year and is currently trading near $6.20, within its 52-week range of $5.22 to $7.88.
Following these transactions, Adelman now holds 18,000 shares directly. Trio-Tech International, based in Van Nuys, California, operates in the special industry machinery sector. According to InvestingPro, the company maintains a strong financial position with a current ratio of 4.54 and operates with moderate debt levels. The company received a "FAIR" Financial Health score, with particularly strong marks in price momentum. Additional insights and metrics are available through InvestingPro’s comprehensive analysis tools.
In other recent news, Trio-Tech International reported a decline in revenue for the second quarter ending December 31, 2024, with figures dropping to $8.6 million from $12.2 million the previous year. Despite this downturn, the company saw a slight improvement in its gross margin, which rose to 26% from 23% a year earlier. Trio-Tech’s net income attributable to common shareholders remained stable at $507,000, with earnings per diluted share holding steady at $0.12. For the first half of fiscal 2025, the company’s revenue decreased to $18.4 million from $22.2 million, while operating expenses were reduced to $4.4 million from $4.7 million.
Additionally, Trio-Tech has amended its bylaws to transition to dematerialized securities, replacing physical stock certificates with electronic recording. This move, approved by the Board of Directors, aligns with digital asset management trends and aims to streamline the management of the company’s shares. The amendment was detailed in a recent SEC filing, reflecting Trio-Tech’s adaptation to technological advancements in securities management. The company’s CEO highlighted progress in shipping dynamic tester systems for Silicon Carbide (SiC) and Gallium Nitride (GaN) power modules, emphasizing their importance in industries like electric vehicles and advanced computing.
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