Trio-Tech International (NYSE:TRT) Stock Picked Up by Analysts at D. Boral Capital

Equities researchers at D. Boral Capital began coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued to investors on Monday, Benzinga reports. The firm set a “buy” rating and a $17.00 price target on the stock. D. Boral Capital’s price target would indicate a potential upside of 169.63% from the company’s current price.

Trio-Tech International Trading Up 1.4%

NYSE TRT traded up $0.09 on Monday, reaching $6.30. The company had a trading volume of 216,453 shares, compared to its average volume of 637,540. The stock’s 50 day moving average is $10.39 and its 200-day moving average is $10.34. The stock has a market cap of $65.40 million, a price-to-earnings ratio of 45.00 and a beta of 1.97. 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 52 week low of $2.81 and a 52 week high of $21.38.

Institutional Trading of Trio-Tech International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Compound Planning Inc. grew its holdings in Trio-Tech International by 85.8% during the first quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock valued at $3,592,000 after purchasing an additional 287,000 shares during the period. Renaissance Technologies LLC increased its stake in Trio-Tech International by 100.1% in the first quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock valued at $1,882,000 after purchasing an additional 162,848 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Trio-Tech International by 98.4% in the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock worth $1,409,000 after purchasing an additional 120,888 shares during the period. Corient Private Wealth LP acquired a new stake in Trio-Tech International in the second quarter worth $259,000. Finally, Engineers Gate Manager LP bought a new position in shares of Trio-Tech International during the second quarter worth $244,000. 16.03% of the stock is owned by institutional investors.

About Trio-Tech International

Trio-Tech International is a semiconductor services and manufacturing company that supports customers involved in the production and testing of electronic components. Its activities include semiconductor testing, burn-in and reliability testing, and the manufacture of equipment and related products used in semiconductor test operations.

The company also provides semiconductor test and assembly services, including electrical testing and other back-end manufacturing processes. Its product offerings have included burn-in systems, test boards, sockets, and other components used to evaluate semiconductor devices and electronic products.