Trio-Tech International (NYSE:TRT) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Trading Down 1.8 %

Shares of Trio-Tech International stock opened at $5.50 on Monday. The company has a market capitalization of $23.38 million, a P/E ratio of 23.91 and a beta of 1.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.01 and a current ratio of 3.29. The company has a fifty day moving average of $5.65 and a 200 day moving average of $6.09. Trio-Tech International has a fifty-two week low of $4.64 and a fifty-two week high of $8.62.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its stake in shares of Trio-Tech International (NYSE:TRT) by 8.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the period. Empowered Funds LLC owned 0.73% of Trio-Tech International worth $193,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.