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

Equities researchers at StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a research report issued on Friday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Down 3.0 %

Trio-Tech International stock opened at $5.87 on Friday. The stock has a market cap of $24.96 million, a P/E ratio of 41.93 and a beta of 0.87. Trio-Tech International has a twelve month low of $5.22 and a twelve month high of $7.88. The company has a quick ratio of 4.25, a current ratio of 4.54 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $6.07 and its two-hundred day moving average price is $6.25.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP raised its stake in shares of Trio-Tech International (NYSE:TRT) by 7.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 122,064 shares of the company’s stock after purchasing an additional 8,030 shares during the period. Dimensional Fund Advisors LP owned approximately 2.87% of Trio-Tech International worth $709,000 as of its most recent SEC filing. 16.03% of the stock is currently owned by institutional investors.

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.