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

StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a report released on Saturday. The brokerage issued a buy rating on the stock.

Trio-Tech International Stock Performance

Shares of TRT opened at $6.03 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.99 and a quick ratio of 3.64. Trio-Tech International has a one year low of $5.22 and a one year high of $7.88. The firm has a market capitalization of $25.61 million, a P/E ratio of 43.04 and a beta of 1.07. The business has a fifty day moving average of $6.10 and a 200 day moving average of $6.13.

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP boosted its stake in shares of Trio-Tech International (NYSE:TRT) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,064 shares of the company’s stock after purchasing an additional 8,030 shares during the period. Dimensional Fund Advisors LP owned about 2.87% of Trio-Tech International worth $709,000 at the end of the most recent quarter. Institutional investors and hedge funds own 16.03% of the company’s stock.

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.