Trio-Tech International (NYSE:TRT) Stock Falls 2.6% – Should You Sell?

Shares of Trio-Tech International (NYSE:TRT) fell 2.6% during trading on Tuesday. The stock traded as low as $4.69 and last traded at $4.82. Approximately 98,276 shares traded hands during trading, a decline of 83% from the average session volume of 572,133 shares. The stock had previously closed at $4.95.

Wall Street Analyst Weigh In

Separately, D. Boral Capital started coverage on shares of Trio-Tech International in a report on Monday, September 28th. They issued a “buy” rating and a $17.00 target price for the company. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $17.00.

Trio-Tech International Trading Down 2.6%

The stock has a market cap of $49.83 million, a PE ratio of 34.43 and a beta of 2.11. The stock has a 50-day moving average price of $7.11 and a two-hundred day moving average price of $8.76. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25.

Hedge Funds Weigh In On Trio-Tech International

Several institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in shares of 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 acquiring an additional 162,848 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Trio-Tech International by 98.4% in the first quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock worth $1,409,000 after purchasing an additional 120,888 shares during the last quarter. Compound Planning Inc. increased its position in Trio-Tech International by 85.8% in the first quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock worth $3,592,000 after purchasing an additional 287,000 shares during the last quarter. Empowered Funds LLC raised its stake in Trio-Tech International by 33.2% during the first quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock valued at $288,000 after purchasing an additional 12,441 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in Trio-Tech International by 100.0% during the first quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock valued at $139,000 after purchasing an additional 12,008 shares in the last quarter. Hedge funds and other institutional investors own 16.03% of the company’s stock.

About Trio-Tech International

Trio-Tech International is a semiconductor manufacturing services and test-equipment company. Through its subsidiaries, the company provides semiconductor testing, assembly, and related manufacturing services, supporting customers involved in the production of integrated circuits and other electronic components. Its product and service offerings include semiconductor testing, burn-in and reliability testing, test equipment, test fixtures, and related engineering and manufacturing solutions. Trio-Tech also provides electronic manufacturing and industrial services, including specialized process and production support for semiconductor and electronics companies.