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

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

Trio-Tech International Stock Performance

Shares of TRT opened at $5.80 on Friday. The firm has a market capitalization of $24.65 million, a PE ratio of 41.43 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25. The company has a 50-day simple moving average of $6.02 and a two-hundred day simple moving average of $6.14. Trio-Tech International has a one year low of $5.22 and a one year high of $7.88.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC boosted its holdings in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,478 shares of the company’s stock after acquiring an additional 1,742 shares during the period. Empowered Funds LLC owned 0.81% of Trio-Tech International worth $191,000 at the end of the most recent reporting period. Hedge funds and other 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.