Trio-Tech International (NYSE:TRT) Coverage Initiated by Analysts at StockNews.com

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

Trio-Tech International Stock Up 4.2 %

Shares of TRT traded up $0.19 during midday trading on Friday, reaching $4.74. 16,360 shares of the stock were exchanged, compared to its average volume of 5,125. Trio-Tech International has a 12-month low of $4.05 and a 12-month high of $8.45. The firm has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $4.72. The company has a quick ratio of 2.22, a current ratio of 2.48 and a debt-to-equity ratio of 0.04. The company has a market cap of $19.34 million, a price-to-earnings ratio of 9.48 and a beta of 1.37.

About Trio-Tech International

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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.