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

Research analysts at StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Performance

Shares of TRT stock opened at $6.10 on Thursday. 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 12-month low of $5.22 and a 12-month high of $7.88. The company has a market cap of $25.94 million, a price-to-earnings ratio of 43.58 and a beta of 0.92. The stock has a 50 day simple moving average of $6.06 and a 200-day simple moving average of $6.23.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP lifted its stake in Trio-Tech International (NYSE:TRT) by 7.0% in the 4th quarter, according to its most recent Form 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 period. Dimensional Fund Advisors LP owned approximately 2.87% of Trio-Tech International worth $709,000 as of its most recent SEC filing. 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.