StockNews.com Begins Coverage on Trio-Tech International (NYSE:TRT)

StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a report issued on Friday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Stock Down 3.0 %

TRT opened at $5.87 on Friday. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. The stock has a market cap of $24.96 million, a price-to-earnings ratio of 41.93 and a beta of 0.87. The company’s 50-day moving average price is $6.07 and its two-hundred day moving average price is $6.25. Trio-Tech International has a twelve month low of $5.22 and a twelve month high of $7.88.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP raised its holdings in Trio-Tech International (NYSE:TRT) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,064 shares of the company’s stock after purchasing an additional 8,030 shares during the period. Dimensional Fund Advisors LP owned 2.87% of Trio-Tech International worth $709,000 at the end of the most recent reporting period. Institutional investors 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.