StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT – Free Report) in a research note published on Thursday morning. The firm issued a buy rating on the stock.
Trio-Tech International Stock Performance
Shares of NYSE TRT opened at $5.47 on Thursday. Trio-Tech International has a 1 year low of $4.64 and a 1 year high of $8.62. The firm has a market cap of $23.25 million, a P/E ratio of 23.80 and a beta of 1.02. The stock has a fifty day moving average price of $5.93 and a two-hundred day moving average price of $6.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.01 and a current ratio of 3.29.
Hedge Funds Weigh In On Trio-Tech International
An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its holdings in shares of Trio-Tech International (NYSE:TRT – Free Report) by 8.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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. Institutional investors own 16.03% of the company’s stock.
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.
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