Trio-Tech International (NYSE:TRT) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT) in a report issued on Wednesday. The brokerage issued a buy rating on the stock.

Trio-Tech International Stock Performance

Trio-Tech International stock opened at $6.39 on Wednesday. The stock’s 50 day moving average price is $6.03 and its 200 day moving average price is $6.21. The firm has a market capitalization of $27.17 million, a PE ratio of 45.64 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. Trio-Tech International has a one year low of $5.22 and a one year high of $7.88.

Hedge Funds Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its holdings in Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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. 16.03% of the stock is currently owned by hedge funds and other 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.