Trio-Tech International (NYSE:TRT) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a research note released on Saturday morning. The brokerage issued a buy rating on the stock.

Trio-Tech International Stock Down 4.9 %

TRT stock opened at $5.21 on Friday. Trio-Tech International has a one year low of $5.11 and a one year high of $7.88. The firm has a market cap of $22.15 million, a PE ratio of 37.21 and a beta of 0.87. The firm’s 50 day moving average price is $5.98 and its 200-day moving average price is $6.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Dimensional Fund Advisors LP boosted its stake in shares of Trio-Tech International (NYSE:TRT) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,064 shares of the company’s stock after buying an additional 8,030 shares during the quarter. Dimensional Fund Advisors LP owned 2.87% of Trio-Tech International worth $709,000 as of its most recent SEC filing. 16.03% of the stock is currently owned by institutional investors and hedge funds.

About Trio-Tech International

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.