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

Analysts at StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a report issued on Wednesday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Performance

Shares of TRT stock opened at $6.30 on Wednesday. The company’s fifty day simple moving average is $6.02 and its 200-day simple moving average is $6.20. 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 $26.79 million, a PE ratio of 45.00 and a beta of 0.92. Trio-Tech International has a 12 month low of $5.22 and a 12 month high of $7.88.

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC lifted its holdings in Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC owned 0.81% of Trio-Tech International worth $191,000 as of its most recent SEC filing. 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.