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

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

Trio-Tech International Price Performance

TRT stock opened at $6.01 on Monday. The company has a 50 day simple moving average of $6.49 and a 200 day simple moving average of $6.13. The stock has a market cap of $25.54 million, a price-to-earnings ratio of 42.93 and a beta of 1.06. Trio-Tech International has a 1 year low of $4.94 and a 1 year high of $7.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.99 and a quick ratio of 3.64.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC grew its position in Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC owned approximately 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the SEC. 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.