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

Research analysts at StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a report issued on Wednesday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Price Performance

Shares of TRT stock opened at $5.11 on Wednesday. Trio-Tech International has a 52 week low of $4.85 and a 52 week high of $7.88. The stock has a market capitalization of $21.73 million, a PE ratio of 36.50 and a beta of 1.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. The stock’s fifty day moving average is $5.58 and its 200-day moving average is $6.03.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP increased its stake in shares of Trio-Tech International (NYSE:TRT) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,064 shares of the company’s stock after purchasing an additional 8,030 shares during the quarter. Dimensional Fund Advisors LP owned about 2.87% of Trio-Tech International worth $709,000 at the end of the most recent quarter. 16.03% of the stock is owned by institutional investors and hedge funds.

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.