Investment analysts at StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT – Get Free Report) in a report released on Monday. The brokerage set a “buy” rating on the stock.
Trio-Tech International Price Performance
Shares of TRT opened at $5.50 on Monday. The firm has a market cap of $23.38 million, a PE ratio of 23.91 and a beta of 1.03. The company has a current ratio of 3.29, a quick ratio of 3.01 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $5.65 and a two-hundred day simple moving average of $6.09. Trio-Tech International has a 1-year low of $4.64 and a 1-year high of $8.62.
Institutional Investors Weigh In On Trio-Tech International
A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC raised its stake in shares of Trio-Tech International (NYSE:TRT – Free Report) by 8.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,396 shares of the company’s stock after buying an additional 2,275 shares during the period. Empowered Funds LLC owned about 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.
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.
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