Trio-Tech International (NYSE:TRT) Now Covered by StockNews.com

Equities researchers at StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued on Sunday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Performance

TRT stock opened at $5.80 on Friday. The stock has a market capitalization of $24.65 million, a price-to-earnings ratio of 41.43 and a beta of 1.04. The stock’s fifty day moving average is $6.57 and its two-hundred day moving average is $6.14. Trio-Tech International has a 1 year low of $4.92 and a 1 year high of $7.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.99.

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC boosted its holdings in Trio-Tech International (NYSE:TRT) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and 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 about 0.81% of Trio-Tech International worth $191,000 as of its most recent SEC filing. Institutional investors own 16.03% of the company’s stock.

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.