Trio-Tech International (NYSE:TRT) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research report sent to investors on Saturday. The firm issued a buy rating on the stock.

Trio-Tech International Trading Down 7.5 %

Shares of NYSE:TRT opened at $5.40 on Friday. Trio-Tech International has a 52-week low of $4.64 and a 52-week high of $8.62. The company has a market capitalization of $22.95 million, a P/E ratio of 23.48 and a beta of 1.03. The company has a 50-day simple moving average of $5.78 and a 200 day simple moving average of $6.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.01 and a current ratio of 3.29.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC grew its stake in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,396 shares of the company’s stock after buying an additional 2,275 shares during the quarter. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 as of its most recent SEC filing. 16.03% of the stock is 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.