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

Stock analysts at StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Stock Performance

Shares of TRT stock opened at $5.93 on Monday. Trio-Tech International has a 52-week low of $4.94 and a 52-week 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 cap of $25.20 million, a PE ratio of 42.36 and a beta of 1.06. The business has a 50-day simple moving average of $6.50 and a 200-day simple moving average of $6.13.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC boosted its position 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 SEC. The firm owned 34,478 shares of the company’s stock after buying an additional 1,742 shares during the quarter. Empowered Funds LLC owned approximately 0.81% of Trio-Tech International worth $191,000 at the end of the most recent reporting period. 16.03% of the stock is currently 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.