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

Investment analysts at StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT) in a report released on Saturday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Performance

Shares of TRT opened at $5.54 on Friday. Trio-Tech International has a 52-week low of $5.11 and a 52-week high of $7.88. 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 firm has a market capitalization of $23.56 million, a PE ratio of 39.57 and a beta of 0.87. The firm has a 50-day moving average price of $6.00 and a 200 day moving average price of $6.26.

Hedge Funds Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP lifted its position in Trio-Tech International (NYSE:TRT) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,064 shares of the company’s stock after acquiring an additional 8,030 shares during the period. Dimensional Fund Advisors LP owned about 2.87% of Trio-Tech International worth $709,000 as of its most recent SEC filing. Hedge funds and other 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.