StockNews.com Begins Coverage on Trio-Tech International (NYSE:TRT)

Investment analysts at StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Trading Up 4.1 %

Shares of NYSE TRT opened at $6.09 on Tuesday. The firm has a 50 day moving average price of $6.00 and a two-hundred day moving average price of $6.19. The stock has a market cap of $25.89 million, a P/E ratio of 43.50 and a beta of 0.92. Trio-Tech International has a 52-week low of $5.22 and a 52-week high of $7.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC boosted its position in Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the period. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.