Trio-Tech International (NYSE:TRT) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued to investors on Wednesday morning. The firm issued a buy rating on the stock.

Trio-Tech International Stock Up 2.2 %

NYSE:TRT opened at $6.40 on Wednesday. The company has a quick ratio of 3.08, a current ratio of 3.42 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 12-month low of $4.64 and a 12-month high of $8.00. The stock’s fifty day simple moving average is $5.57 and its 200-day simple moving average is $6.06. The firm has a market capitalization of $27.20 million, a P/E ratio of 27.83 and a beta of 1.02.

Institutional Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC raised its position in Trio-Tech International (NYSE:TRT) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the period. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 as of its most recent filing with the SEC. 16.03% of the stock is currently owned by institutional investors.

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.