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

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

Trio-Tech International Price Performance

Shares of NYSE TRT opened at $6.15 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25. The business has a 50-day moving average of $6.05 and a 200-day moving average of $6.23. The stock has a market capitalization of $26.15 million, a price-to-earnings ratio of 43.93 and a beta of 0.92. Trio-Tech International has a fifty-two week low of $5.22 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. Dimensional Fund Advisors LP lifted its holdings in shares of Trio-Tech International (NYSE:TRT) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 122,064 shares of the company’s stock after acquiring an additional 8,030 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.87% of Trio-Tech International worth $709,000 as of its most recent SEC filing. 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.