Trio-Tech International (NYSE:TRT) Earns Buy Rating from Analysts at StockNews.com

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

Trio-Tech International Trading Up 2.4 %

Shares of Trio-Tech International stock opened at $5.68 on Wednesday. The company’s 50-day moving average price is $5.55 and its 200-day moving average price is $6.06. The company has a current ratio of 3.42, a quick ratio of 3.01 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 12-month low of $4.64 and a 12-month high of $8.00. The company has a market cap of $24.12 million, a price-to-earnings ratio of 24.67 and a beta of 1.03.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC grew its position in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the quarter. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 as of its most recent SEC filing. Institutional investors and hedge funds own 16.03% of the company’s stock.

Trio-Tech International Company Profile

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.