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

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

Trio-Tech International Trading Down 0.2 %

NYSE:TRT opened at $6.26 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.42 and a quick ratio of 3.01. Trio-Tech International has a one year low of $4.64 and a one year high of $8.00. The company has a market cap of $26.61 million, a PE ratio of 27.57 and a beta of 1.02. The firm has a 50-day moving average of $5.55 and a 200-day moving average of $6.06.

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 position in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,396 shares of the company’s stock after acquiring an additional 2,275 shares during the quarter. Empowered Funds LLC owned 0.73% of Trio-Tech International worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.