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

Analysts at StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Trading Down 3.9 %

Trio-Tech International stock opened at $5.86 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. The firm’s 50-day moving average is $6.00 and its 200-day moving average is $6.19. Trio-Tech International has a 1 year low of $5.22 and a 1 year high of $7.88. The company has a market cap of $24.92 million, a P/E ratio of 41.86 and a beta of 0.92.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP increased its stake in Trio-Tech International (NYSE:TRT) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,064 shares of the company’s stock after purchasing an additional 8,030 shares during the quarter. Dimensional Fund Advisors LP owned about 2.87% of Trio-Tech International worth $709,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.