StockNews.com Begins Coverage on Trio-Tech International (NYSE:TRT)

Equities researchers at StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT) in a report issued on Tuesday. The firm set a “buy” rating on the stock.

Trio-Tech International Price Performance

Shares of NYSE TRT opened at $5.39 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.29 and a quick ratio of 3.01. The company has a market cap of $22.92 million, a price-to-earnings ratio of 23.45 and a beta of 1.03. The stock’s 50-day moving average is $5.60 and its two-hundred day moving average is $6.08. Trio-Tech International has a 1-year low of $4.64 and a 1-year high of $8.62.

Institutional Investors Weigh In On Trio-Tech International

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

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.