Trio-Tech International (NYSE:TRT) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a report published on Thursday. The firm issued a buy rating on the stock.

Trio-Tech International Price Performance

Shares of NYSE:TRT opened at $6.10 on Thursday. The company’s fifty day moving average is $6.06 and its two-hundred day moving average is $6.24. The company has a market cap of $25.94 million, a P/E ratio of 43.58 and a beta of 0.92. Trio-Tech International has a 12-month low of $5.22 and a 12-month high of $7.88. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Dimensional Fund Advisors LP boosted its stake in shares of Trio-Tech International (NYSE:TRT) by 7.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,064 shares of the company’s stock after purchasing an additional 8,030 shares during the period. Dimensional Fund Advisors LP owned about 2.87% of Trio-Tech International worth $709,000 at the end of the most recent reporting period. 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.