Trio-Tech International (NYSE:TRT) Coverage Initiated by Analysts at StockNews.com

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

Trio-Tech International Stock Down 2.3 %

Trio-Tech International stock opened at $6.00 on Monday. The firm has a market capitalization of $25.50 million, a price-to-earnings ratio of 42.86 and a beta of 1.06. The firm’s fifty day moving average price is $6.50 and its two-hundred day moving average price is $6.13. Trio-Tech International has a 1-year low of $4.94 and a 1-year 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.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC lifted its stake in shares of Trio-Tech International (NYSE:TRT) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,478 shares of the company’s stock after buying an additional 1,742 shares during the period. Empowered Funds LLC owned about 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.