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

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

Trio-Tech International Stock Down 3.0 %

Shares of Trio-Tech International stock opened at $5.87 on Friday. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 12-month low of $5.22 and a 12-month high of $7.88. The firm has a market capitalization of $24.96 million, a PE ratio of 41.93 and a beta of 0.87. The stock’s fifty day moving average is $6.07 and its 200-day moving average is $6.25.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP boosted its position in shares of Trio-Tech International (NYSE:TRT) by 7.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,064 shares of the company’s stock after purchasing an additional 8,030 shares during the period. Dimensional Fund Advisors LP owned 2.87% of Trio-Tech International worth $709,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 16.03% of the company’s stock.

About Trio-Tech International

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.