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

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

Trio-Tech International Stock Performance

NYSE TRT opened at $5.85 on Tuesday. The company has a market capitalization of $24.87 million, a price-to-earnings ratio of 41.79 and a beta of 0.92. Trio-Tech International has a twelve month low of $5.22 and a twelve month high of $7.88. The stock has a fifty day simple moving average of $6.00 and a 200 day simple moving average of $6.19. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02.

Institutional Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC grew its holdings in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,478 shares of the company’s stock after acquiring an additional 1,742 shares during the period. Empowered Funds LLC owned 0.81% of Trio-Tech International worth $191,000 as of its most recent SEC filing. 16.03% of the stock is owned by institutional investors and hedge funds.

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.