Trio-Tech International (NYSE:TRT) Shares Down 4.5% – Here’s Why

Trio-Tech International (NYSE:TRT)’s share price traded down 4.5% during trading on Thursday . The company traded as low as $5.13 and last traded at $5.13. 749 shares traded hands during trading, a decline of 90% from the average session volume of 7,778 shares. The stock had previously closed at $5.37.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen began coverage on Trio-Tech International in a research note on Thursday, May 22nd. They issued a “buy” rating on the stock.

Trio-Tech International Stock Performance

The stock has a market capitalization of $22.13 million, a P/E ratio of 36.64 and a beta of 0.98. The company has a 50 day simple moving average of $5.19 and a 200-day simple moving average of $5.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25.

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP raised its position in Trio-Tech International (NYSE:TRT) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,064 shares of the company’s stock after buying an additional 8,030 shares during the quarter. Dimensional Fund Advisors LP owned about 2.87% of Trio-Tech International worth $709,000 at the end of the most recent reporting period. Institutional investors 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.