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

Research analysts at StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT) in a note issued to investors on Monday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Price Performance

Shares of TRT opened at $6.00 on Monday. The firm has a market capitalization of $25.51 million, a price-to-earnings ratio of 42.86 and a beta of 1.07. The firm’s fifty day simple moving average is $6.00 and its 200-day simple moving average is $6.17. Trio-Tech International has a twelve month low of $5.22 and a twelve 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 Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC lifted its holdings in shares of Trio-Tech International (NYSE:TRT) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,478 shares of the company’s stock after acquiring an additional 1,742 shares during the period. Empowered Funds LLC owned 0.81% of Trio-Tech International worth $191,000 at the end of the most recent reporting period. 16.03% of the stock is owned by institutional investors and hedge funds.

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.