Trio-Tech International (NYSE:TRT) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT) in a report issued on Sunday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Stock Down 0.9 %

Shares of Trio-Tech International stock opened at $5.80 on Friday. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02. The business’s 50 day simple moving average is $6.02 and its 200-day simple moving average is $6.14. The stock has a market capitalization of $24.65 million, a price-to-earnings ratio of 41.43 and a beta of 1.07. Trio-Tech International has a twelve month low of $5.22 and a twelve month high of $7.88.

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP lifted its stake in shares of Trio-Tech International (NYSE:TRT) by 7.0% during the fourth 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 purchasing an additional 8,030 shares during the quarter. Dimensional Fund Advisors LP owned about 2.87% of Trio-Tech International worth $709,000 as of its most recent filing with the Securities and Exchange Commission. 16.03% of the stock is currently owned by hedge funds and other institutional investors.

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.