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

Analysts at StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued to investors on Monday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Price Performance

Shares of TRT stock opened at $6.14 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.99 and a quick ratio of 3.64. The company has a market capitalization of $26.10 million, a PE ratio of 43.86 and a beta of 1.04. The firm’s 50-day moving average is $6.51 and its two-hundred day moving average is $6.13. Trio-Tech International has a 12 month low of $4.92 and a 12 month high of $7.88.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its stake in Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,478 shares of the company’s stock after buying an additional 1,742 shares during the quarter. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.03% of the company’s stock.

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.