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

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

Trio-Tech International Price Performance

TRT stock opened at $6.02 on Monday. Trio-Tech International has a 1 year low of $5.22 and a 1 year high of $7.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.25 and a current ratio of 4.54. The stock’s 50 day moving average price is $6.00 and its 200 day moving average price is $6.17. The firm has a market cap of $25.60 million, a P/E ratio of 43.00 and a beta of 0.92.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Dimensional Fund Advisors LP grew its holdings in shares of Trio-Tech International (NYSE:TRT) by 7.0% during the fourth quarter, according to the company in its most recent 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 quarter. Dimensional Fund Advisors LP owned approximately 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.

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.