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

Investment analysts at StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a report issued on Tuesday. The firm set a “buy” rating on the stock.

Trio-Tech International Price Performance

Trio-Tech International stock opened at $6.02 on Tuesday. Trio-Tech International has a 52 week low of $4.94 and a 52 week high of $7.88. The firm has a market cap of $25.59 million, a P/E ratio of 42.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.99. The business’s fifty day moving average is $6.45 and its two-hundred day moving average is $6.12.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC lifted its stake in Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to the company in 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 0.81% of Trio-Tech International worth $191,000 at the end of the most recent quarter. 16.03% of the stock is currently owned by 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.