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

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

Trio-Tech International Price Performance

TRT stock opened at $6.30 on Thursday. The business has a 50 day moving average price of $6.05 and a 200 day moving average price of $6.23. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. The stock has a market cap of $26.79 million, a price-to-earnings ratio of 45.00 and a beta of 0.92. Trio-Tech International has a fifty-two week low of $5.22 and a fifty-two week high of $7.88.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP boosted its position in Trio-Tech International (NYSE:TRT) by 7.0% in the fourth quarter, according to the company in 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 period. Dimensional Fund Advisors LP owned about 2.87% of Trio-Tech International worth $709,000 as of its most recent filing with the Securities & Exchange Commission. 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.