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

Analysts at StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a note issued to investors on Saturday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Stock Performance

NYSE:TRT opened at $5.84 on Friday. Trio-Tech International has a fifty-two week low of $4.64 and a fifty-two week high of $8.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.01 and a current ratio of 3.29. The company has a 50 day moving average price of $5.80 and a 200 day moving average price of $6.11. The stock has a market capitalization of $24.82 million, a P/E ratio of 25.39 and a beta of 1.02.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its stake in Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the period. Empowered Funds LLC owned about 0.73% of Trio-Tech International worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.