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 research report sent to investors on Wednesday. The brokerage issued a buy rating on the stock.

Trio-Tech International Stock Down 1.8 %

Shares of NYSE:TRT opened at $6.10 on Wednesday. The stock has a market cap of $25.94 million, a price-to-earnings ratio of 43.57 and a beta of 0.92. 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 12-month low of $5.22 and a 12-month high of $7.88. The business’s 50 day moving average is $6.02 and its 200 day moving average is $6.20.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC boosted its holdings in Trio-Tech International (NYSE:TRT) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the period. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 as of its most recent SEC filing. 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.