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

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

Trio-Tech International Price Performance

Shares of NYSE:TRT opened at $5.91 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.99. The firm has a market cap of $25.12 million, a price-to-earnings ratio of 42.21 and a beta of 1.04. The business has a 50-day simple moving average of $6.60 and a two-hundred day simple moving average of $6.14. Trio-Tech International has a fifty-two week low of $4.91 and a fifty-two week high of $7.88.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC grew its position in shares of Trio-Tech International (NYSE:TRT) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,478 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.