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

StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRTFree Report) in a report issued on Monday. The firm issued a buy rating on the stock.

Trio-Tech International Stock Down 3.5 %

Trio-Tech International stock opened at $5.31 on Monday. The firm has a market capitalization of $22.57 million, a price-to-earnings ratio of 23.09 and a beta of 1.03. The firm has a 50 day simple moving average of $5.64 and a 200 day simple moving average of $6.08. Trio-Tech International has a 1-year low of $4.64 and a 1-year high of $8.62. The company has a current ratio of 3.29, a quick ratio of 3.01 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC lifted its position in Trio-Tech International (NYSE:TRTFree Report) by 8.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the quarter. Empowered Funds LLC owned about 0.73% of Trio-Tech International worth $193,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.03% of the company’s stock.

Trio-Tech International Company Profile

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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.

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