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

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

Trio-Tech International Price Performance

Shares of NYSE:TRT opened at $6.03 on Friday. The firm’s 50 day moving average price is $6.08 and its 200-day moving average price is $6.13. Trio-Tech International has a twelve month low of $5.22 and a twelve month high of $7.88. The company has a quick ratio of 3.64, a current ratio of 3.99 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $25.61 million, a PE ratio of 43.04 and a beta of 1.07.

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Dimensional Fund Advisors LP lifted its holdings in Trio-Tech International (NYSE:TRT) by 7.0% in the fourth quarter, according to the company in 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 quarter. Dimensional Fund Advisors LP owned 2.87% of Trio-Tech International worth $709,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.03% of the company’s stock.

About Trio-Tech International

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.