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

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

Trio-Tech International Trading Up 1.4 %

Shares of Trio-Tech International stock opened at $6.39 on Wednesday. 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 firm has a market cap of $27.17 million, a price-to-earnings ratio of 45.64 and a beta of 0.92. The business has a fifty day simple moving average of $6.03 and a 200-day simple moving average of $6.21. Trio-Tech International has a fifty-two week low of $5.22 and a fifty-two week high of $7.88.

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC grew its stake in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the period. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.