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

StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research note released on Tuesday morning. The brokerage issued a buy rating on the stock.

Trio-Tech International Price Performance

TRT opened at $6.00 on Tuesday. The company has a fifty day simple moving average of $6.44 and a 200 day simple moving average of $6.12. The firm has a market cap of $25.50 million, a price-to-earnings ratio of 42.86 and a beta of 1.06. Trio-Tech International has a twelve month low of $4.94 and a twelve month high of $7.88. The company has a current ratio of 3.99, a quick ratio of 3.64 and a debt-to-equity ratio of 0.02.

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 5.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,478 shares of the company’s stock after acquiring an additional 1,742 shares during the quarter. Empowered Funds LLC owned approximately 0.81% of Trio-Tech International worth $191,000 at the end of the most recent quarter. 16.03% of the stock is owned by institutional investors.

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.