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

Analysts at StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a research report issued to clients and investors on Sunday. The firm set a “buy” rating on the stock.

Trio-Tech International Trading Down 4.1 %

NYSE:TRT opened at $5.61 on Friday. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $23.84 million, a price-to-earnings ratio of 40.07 and a beta of 1.07. The firm has a fifty day simple moving average of $6.00 and a two-hundred day simple moving average of $6.14. Trio-Tech International has a 12 month low of $5.22 and a 12 month high of $7.88.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC lifted its position in shares of Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,478 shares of the company’s stock after purchasing 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 quarter. 16.03% of the stock is currently owned by hedge funds and other 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.