Initiates Coverage on Trio-Tech International (NYSE:TRT) began coverage on shares of Trio-Tech International (NYSE:TRTGet Rating) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

NYSE:TRT opened at $5.01 on Thursday. The company has a market capitalization of $19.78 million, a price-to-earnings ratio of 35.79 and a beta of 1.50. Trio-Tech International has a 12 month low of $3.86 and a 12 month high of $13.73. The company has a quick ratio of 2.30, a current ratio of 2.84 and a debt-to-equity ratio of 0.06.

About Trio-Tech International (Get Rating)

Trio-Tech International, together with its subsidiaries, provides manufacturing, testing, and distribution services to the semiconductor industry. The company's Testing Services segment offers stabilization bake, thermal shock, temperature cycling, mechanical shock, constant acceleration, gross and fine leak, electrical, static and dynamic burn-in, and vibration testing, as well as reliability lab and microprocessor equipment contract cleaning services.

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