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

Trio-Tech International (NYSE:TRT) fell 4.5% on Thursday . The stock traded as low as $5.13 and last traded at $5.13. 749 shares changed hands during mid-day 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 assumed coverage on Trio-Tech International in a research report on Thursday, May 22nd. They issued a “buy” rating for the company.

Trio-Tech International Stock Performance

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

Hedge Funds Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP raised its holdings in shares of Trio-Tech International (NYSE:TRT) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other 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.