Trio-Tech International (NYSE:TRT) Now Covered by Analysts at StockNews.com

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

Trio-Tech International Price Performance

Shares of Trio-Tech International stock opened at $5.80 on Friday. The business’s 50-day moving average price is $6.02 and its 200-day moving average price is $6.14. The firm has a market capitalization of $24.65 million, a PE ratio of 41.43 and a beta of 1.07. Trio-Tech International has a 12 month low of $5.22 and a 12 month high of $7.88. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02.

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 holdings in Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC owned 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the Securities & Exchange Commission. 16.03% of the stock is currently owned by institutional investors and hedge funds.

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.