Trio-Tech International (NYSE:TRT) Earns Buy Rating from Analysts at StockNews.com

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

Trio-Tech International Trading Down 1.5 %

Shares of Trio-Tech International stock opened at $6.00 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25. Trio-Tech International has a 1 year low of $5.22 and a 1 year high of $7.88. The firm has a market cap of $25.51 million, a PE ratio of 42.86 and a beta of 0.92. The company has a 50 day simple moving average of $6.01 and a two-hundred day simple moving average of $6.19.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC lifted its position in Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,478 shares of the company’s stock after purchasing 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 institutional investors.

About Trio-Tech International

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.