Trio-Tech International (NYSE:TRT) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the stock.

Trio-Tech International Trading Down 0.8 %

Shares of TRT stock opened at $6.16 on Thursday. The stock has a market cap of $25.11 million, a price-to-earnings ratio of 11.85 and a beta of 1.34. The stock has a 50-day moving average of $5.96 and a 200-day moving average of $5.09. The company has a current ratio of 2.73, a quick ratio of 2.52 and a debt-to-equity ratio of 0.04. Trio-Tech International has a 1-year low of $4.05 and a 1-year high of $6.98.

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently bought a new stake in Trio-Tech International stock. EA Series Trust purchased a new position in Trio-Tech International (NYSE:TRT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,571 shares of the company’s stock, valued at approximately $113,000. EA Series Trust owned approximately 0.58% of Trio-Tech International as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 15.92% 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'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.