Investment analysts at StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT – Get Rating) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the stock.
Trio-Tech International Price Performance
Shares of NYSE TRT opened at $4.81 on Monday. The firm’s 50-day moving average price is $4.61 and its 200-day moving average price is $4.64. Trio-Tech International has a 1-year low of $4.05 and a 1-year high of $5.49. The firm has a market capitalization of $19.61 million, a P/E ratio of 9.25 and a beta of 1.38. The company has a current ratio of 2.73, a quick ratio of 2.52 and a debt-to-equity ratio of 0.04.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Trio-Tech International stock. Acadian Asset Management LLC lifted its stake in shares of Trio-Tech International (NYSE:TRT – Get Rating) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,686 shares of the company’s stock after buying an additional 3,214 shares during the period. Acadian Asset Management LLC owned about 1.38% of Trio-Tech International worth $393,000 at the end of the most recent quarter. 14.80% of the stock is currently owned by institutional investors.
Trio-Tech International Company Profile
Trio-Tech International engages in the provision of third-party semiconductor testing and burn-in services. It operates through the following segments: Manufacturing, Testing Services, Distribution, and Real Estate. The Manufacturing segment produces both front-end and back-end semiconductor test equipment and related peripherals.
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