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

StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT) in a research report sent to investors on Monday. The firm issued a buy rating on the stock.

Trio-Tech International Price Performance

Trio-Tech International stock opened at $6.00 on Monday. The stock’s 50 day moving average price is $6.50 and its two-hundred day moving average price is $6.13. The stock has a market capitalization of $25.50 million, a price-to-earnings ratio of 42.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.99. Trio-Tech International has a 52-week low of $4.94 and a 52-week high of $7.88.

Hedge Funds Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC boosted its position in Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,478 shares of the company’s stock after buying an additional 1,742 shares during the period. Empowered Funds LLC owned approximately 0.81% of Trio-Tech International worth $191,000 at the end of the most recent quarter. Institutional investors and hedge funds own 16.03% of the company’s 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.