On October 17, 2024, Director Jason Adelman sold 6,000 shares of Trio-Tech International (TRT, Financial) as reported in a recent SEC Filing. Following this transaction, the insider now owns 24,000 shares of the company.
Trio-Tech International is engaged in providing third-party semiconductor testing and burn-in services primarily through its facilities in Southeast Asia. The company's services are crucial for ensuring the performance and reliability of semiconductors before they are deployed in various electronic devices.
The shares were sold at a price of $7.35, valuing the transaction at $44,100. This sale has adjusted the insider's stake in the company significantly. Over the past year, Jason Adelman has sold a total of 6,000 shares and has not purchased any shares.
The transaction history for insiders at Trio-Tech International over the past year indicates a trend with 0 insider buys and 1 insider sell. This could suggest a cautious stance from insiders towards the company's stock at current market prices.
As of the transaction date, Trio-Tech International had a market cap of approximately $30.687 million. The stock's price-earnings ratio stood at 30.08, which is lower than the industry median of 32.39 but higher than the company’s historical median.
According to the GF Value, the intrinsic value estimate for Trio-Tech International is $5.18 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.42. This valuation suggests that the stock's current price is higher than its estimated fair value, aligning with the insider's decision to reduce their holdings.
This insider sale could provide investors with insights into the insider's view of the stock's current valuation and future prospects. However, investors should also consider other market factors and perform their own analysis before making investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
