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

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

Trio-Tech International Trading Down 1.2 %

NYSE:TRT opened at $5.93 on Monday. The stock has a market capitalization of $25.20 million, a price-to-earnings ratio of 42.36 and a beta of 1.06. Trio-Tech International has a 52 week low of $4.94 and a 52 week high of $7.88. The company has a quick ratio of 3.64, a current ratio of 3.99 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $6.50 and a 200 day moving average of $6.13.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC raised its stake in shares of Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC owned about 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.