D. Boral Capital Initiates Coverage on Trio-Tech International (NYSE:TRT)

D. Boral Capital began coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm set a “buy” rating and a $17.00 price target on the stock. D. Boral Capital’s price target would indicate a potential upside of 156.80% from the stock’s current price.

Trio-Tech International Stock Up 3.1%

NYSE TRT opened at $6.62 on Monday. The firm has a market cap of $68.66 million, a PE ratio of 47.29 and a beta of 1.97. Trio-Tech International has a one year low of $2.81 and a one year high of $21.38. The stock’s 50 day simple moving average is $10.25 and its 200 day simple moving average is $10.35. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Engineers Gate Manager LP bought a new stake in Trio-Tech International during the 2nd quarter worth about $244,000. Corient Private Wealth LP bought a new position in shares of Trio-Tech International in the second quarter worth about $259,000. Empowered Funds LLC raised its stake in shares of Trio-Tech International by 33.2% in the first quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock worth $288,000 after acquiring an additional 12,441 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Trio-Tech International by 100.0% during the first quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock worth $139,000 after purchasing an additional 12,008 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Trio-Tech International by 100.1% during the first quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock worth $1,882,000 after purchasing an additional 162,848 shares in the last quarter. 16.03% of the stock is owned by institutional investors.

About Trio-Tech International

Trio-Tech International is a semiconductor services and manufacturing company that supports customers involved in the production and testing of electronic components. Its activities include semiconductor testing, burn-in and reliability testing, and the manufacture of equipment and related products used in semiconductor test operations.

The company also provides semiconductor test and assembly services, including electrical testing and other back-end manufacturing processes. Its product offerings have included burn-in systems, test boards, sockets, and other components used to evaluate semiconductor devices and electronic products.