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

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

Trio-Tech International Trading Up 4.8 %

Shares of TRT opened at $6.14 on Monday. Trio-Tech International has a 52-week low of $4.92 and a 52-week high of $7.88. The stock has a market cap of $26.10 million, a PE ratio of 43.86 and a beta of 1.04. The firm’s fifty day moving average is $6.51 and its two-hundred day moving average is $6.13. The company has a quick ratio of 3.64, a current ratio of 3.99 and a debt-to-equity ratio of 0.02.

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC grew its stake in Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the period. Empowered Funds LLC owned approximately 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 16.03% of the stock is owned by institutional investors and hedge funds.

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.