Trio-Tech International (NYSE:TRT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued on Sunday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Price Performance

Shares of NYSE TRT opened at $5.91 on Friday. The company has a 50 day simple moving average of $6.60 and a two-hundred day simple moving average of $6.15. Trio-Tech International has a fifty-two week low of $4.91 and a fifty-two week high of $7.88. The company has a market capitalization of $25.12 million, a price-to-earnings ratio of 42.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.99.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC increased its stake in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the period. Empowered Funds LLC owned approximately 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.