Trio-Tech International (NYSE:TRT) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a research report sent to investors on Wednesday morning. The brokerage issued a buy rating on the stock.

Trio-Tech International Trading Down 3.1%

Shares of TRT opened at $4.95 on Wednesday. The firm’s 50-day moving average price is $5.56 and its 200-day moving average price is $6.02. The firm has a market capitalization of $21.05 million, a price-to-earnings ratio of 35.36 and a beta of 1.00. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 1-year low of $4.85 and a 1-year high of $7.88.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP boosted its holdings in shares of Trio-Tech International (NYSE:TRT) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,064 shares of the company’s stock after acquiring an additional 8,030 shares during the period. Dimensional Fund Advisors LP owned 2.87% of Trio-Tech International worth $709,000 at the end of the most recent reporting period. 16.03% of the stock is currently owned by institutional investors.

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.