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

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

Trio-Tech International Stock Down 3.9 %

Shares of TRT opened at $5.86 on Tuesday. Trio-Tech International has a fifty-two week low of $5.22 and a fifty-two week high of $7.88. The firm has a market cap of $24.92 million, a PE ratio of 41.86 and a beta of 0.92. 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 company’s fifty day moving average is $6.00 and its two-hundred day moving average is $6.19.

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its position in Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,478 shares of the company’s stock after acquiring an additional 1,742 shares during the quarter. Empowered Funds LLC owned 0.81% of Trio-Tech International worth $191,000 at the end of the most recent quarter. 16.03% of the stock is 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.