StockNews.com Initiates Coverage on Trio-Tech International (NYSE:TRT)

Research analysts at StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued on Saturday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Price Performance

Shares of TRT stock opened at $5.54 on Friday. The stock has a 50 day moving average price of $6.00 and a 200 day moving average price of $6.26. Trio-Tech International has a 52-week low of $5.11 and a 52-week high of $7.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. The firm has a market capitalization of $23.56 million, a P/E ratio of 39.57 and a beta of 0.87.

Institutional Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Dimensional Fund Advisors LP boosted its position in shares of Trio-Tech International (NYSE:TRT) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,064 shares of the company’s stock after purchasing an additional 8,030 shares during the quarter. Dimensional Fund Advisors LP owned about 2.87% of Trio-Tech International worth $709,000 as of its most recent filing with the Securities & Exchange Commission. 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.