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

StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a research report issued on Wednesday. The firm set a “buy” rating on the stock.

Trio-Tech International Price Performance

Shares of TRT opened at $6.30 on Wednesday. The company has a market cap of $26.79 million, a price-to-earnings ratio of 45.00 and a beta of 0.92. Trio-Tech International has a 1-year low of $5.22 and a 1-year high of $7.88. The company’s fifty day simple moving average is $6.02 and its 200 day simple moving average is $6.20. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02.

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 stake in Trio-Tech International (NYSE:TRT) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,064 shares of the company’s stock after purchasing 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 quarter. 16.03% of the stock is owned by institutional investors and hedge funds.

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.