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 note issued on Sunday. The firm set a “buy” rating on the stock.

Trio-Tech International Trading Down 2.4 %

Shares of NYSE:TRT opened at $4.97 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. The company has a 50-day simple moving average of $5.87 and a 200 day simple moving average of $6.22. The company has a market capitalization of $21.13 million, a P/E ratio of 35.50 and a beta of 0.87. Trio-Tech International has a 52-week low of $4.90 and a 52-week high of $7.88.

Hedge Funds Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP boosted its stake in Trio-Tech International (NYSE:TRT) by 7.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 122,064 shares of the company’s stock after buying an additional 8,030 shares during the period. Dimensional Fund Advisors LP owned approximately 2.87% of Trio-Tech International worth $709,000 as of its most recent filing with the SEC. 16.03% of the stock is owned by hedge funds and other institutional investors.

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.