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

by · The Cerbat Gem

StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT – Free Report) in a research note published on Sunday morning. The firm issued a buy rating on the stock.

Trio-Tech International Stock Performance

Trio-Tech International stock opened at $5.81 on Friday. Trio-Tech International has a 1-year low of $4.92 and a 1-year high of $7.88. The firm has a market cap of $24.69 million, a P/E ratio of 41.50 and a beta of 1.04. The company has a current ratio of 3.99, a quick ratio of 3.64 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average of $6.56 and a 200-day moving average of $6.14.

Hedge Funds Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC grew its stake in Trio-Tech International (NYSE:TRT – Free Report) by 5.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 at the end of the most recent quarter. 16.03% of the stock is currently owned by institutional investors and hedge funds.

About Trio-Tech International

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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.

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