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

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

Trio-Tech International Trading Up 3.1 %

NYSE:TRT opened at $5.59 on Tuesday. The stock has a market cap of $23.76 million, a price-to-earnings ratio of 24.31 and a beta of 1.03. The company has a quick ratio of 3.01, a current ratio of 3.42 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average price is $5.57 and its 200-day moving average price is $6.07. Trio-Tech International has a 52 week low of $4.64 and a 52 week high of $8.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its stake in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 30,396 shares of the company’s stock after acquiring an additional 2,275 shares during the period. 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 currently owned by institutional investors and hedge funds.

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.