Trio-Tech International (NYSE:TRT) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a report published on Tuesday. The brokerage issued a buy rating on the stock.

Trio-Tech International Price Performance

TRT opened at $5.59 on Tuesday. The stock’s 50 day moving average price is $5.57 and its 200-day moving average price is $6.07. Trio-Tech International has a 52-week low of $4.64 and a 52-week high of $8.00. The stock has a market capitalization of $23.76 million, a PE ratio of 24.31 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 3.42.

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC increased its holdings in Trio-Tech International (NYSE:TRT) by 8.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,396 shares of the company’s stock after acquiring an additional 2,275 shares during the quarter. Empowered Funds LLC owned about 0.73% of Trio-Tech International worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 16.03% of the stock is currently owned by institutional investors.

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.