Trio-Tech International (NYSE:TRT) Research Coverage Started at D. Boral Capital

D. Boral Capital started coverage on shares of Trio-Tech International (NYSE:TRT) in a report published on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $17.00 target price on the stock.

Trio-Tech International Stock Down 1.8%

NYSE TRT opened at $6.50 on Monday. Trio-Tech International has a 1-year low of $2.81 and a 1-year high of $21.38. The company has a market capitalization of $67.42 million, a price-to-earnings ratio of 46.43 and a beta of 1.97. The stock’s 50 day moving average is $10.18 and its two-hundred day moving average is $10.35. The company has a current ratio of 4.54, a quick ratio of 4.25 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TRT. Compound Planning Inc. boosted its stake in shares of Trio-Tech International by 85.8% in the 1st quarter. Compound Planning Inc. now owns 621,500 shares of the company’s stock valued at $3,592,000 after purchasing an additional 287,000 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Trio-Tech International by 100.1% during the 1st quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock valued at $1,882,000 after purchasing an additional 162,848 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Trio-Tech International by 98.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 243,724 shares of the company’s stock valued at $1,409,000 after purchasing an additional 120,888 shares during the last quarter. Empowered Funds LLC boosted its position in Trio-Tech International by 33.2% in the first quarter. Empowered Funds LLC now owns 49,882 shares of the company’s stock valued at $288,000 after buying an additional 12,441 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in Trio-Tech International by 100.0% in the first quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock valued at $139,000 after buying an additional 12,008 shares in the last quarter. 16.03% of the stock is currently owned by institutional investors and hedge funds.

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.