Trio-Tech International (NYSE:TRT) Shares Climb 3.7% – What’s Next?

Trio-Tech International (NYSE:TRT)’s share price shot up 3.7% on Monday. The company traded as high as $5.19 and last traded at $5.10. Approximately 125,322 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 609,487 shares. The stock had previously closed at $4.92.

Analyst Ratings Changes

Separately, D. Boral Capital began coverage on shares of Trio-Tech International in a report on Monday, September 28th. They set a “buy” rating and a $17.00 price objective for the company. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $17.00.

Trio-Tech International Stock Performance

The company has a 50-day simple moving average of $8.86 and a two-hundred day simple moving average of $10.31. 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 firm has a market cap of $55.80 million, a PE ratio of 38.43 and a beta of 2.02.

Institutional Trading of Trio-Tech International

Large investors have recently bought and sold shares of the company. Engineers Gate Manager LP purchased a new stake in Trio-Tech International in the 2nd quarter worth about $244,000. Corient Private Wealth LP bought a new position in Trio-Tech International in the 2nd quarter worth about $259,000. Empowered Funds LLC boosted its stake in Trio-Tech International by 33.2% in the 1st quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after purchasing an additional 12,441 shares during the period. NewEdge Advisors LLC grew its holdings in Trio-Tech International by 100.0% during the 1st quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock valued at $139,000 after buying an additional 12,008 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Trio-Tech International by 100.1% during the 1st quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock valued at $1,882,000 after buying an additional 162,848 shares in the last quarter. 16.03% of the stock is owned by hedge funds and other institutional investors.

Trio-Tech International Company Profile

Trio-Tech International (NYSE: TRT) provides semiconductor manufacturing, testing, and related equipment and services. The company’s activities include semiconductor and electronic-component testing, wafer sorting, final testing, burn-in, reliability testing, and failure analysis. Its equipment offerings are designed for semiconductor and other electronic manufacturing applications.

Trio-Tech also manufactures and distributes products used in semiconductor processing and testing, including systems for burn-in, reliability evaluation, and related production requirements.