Trio-Tech International (NYSE:TRT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a report published on Sunday morning. The firm issued a buy rating on the stock.

Trio-Tech International Stock Down 2.1 %

Shares of TRT stock opened at $5.55 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.29 and a quick ratio of 3.01. Trio-Tech International has a one year low of $4.64 and a one year high of $8.62. The company’s fifty day moving average price is $5.73 and its 200-day moving average price is $6.10. The company has a market capitalization of $23.59 million, a price-to-earnings ratio of 24.14 and a beta of 1.03.

Hedge Funds Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC increased its holdings in Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the period. Empowered Funds LLC owned 0.73% of Trio-Tech International worth $193,000 as of its most recent SEC filing. 16.03% of the stock is currently owned by 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.