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

Research analysts at StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued on Wednesday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Down 0.2 %

Shares of NYSE:TRT opened at $6.26 on Wednesday. Trio-Tech International has a 1 year low of $4.64 and a 1 year high of $8.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.42 and a quick ratio of 3.01. The business’s 50-day moving average is $5.55 and its 200-day moving average is $6.06. The company has a market capitalization of $26.61 million, a price-to-earnings ratio of 27.57 and a beta of 1.02.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC increased its stake in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,396 shares of the company’s stock after acquiring an additional 2,275 shares during the quarter. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 at the end of the most recent quarter. 16.03% of the stock is currently owned by institutional investors and hedge funds.

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.