Trio-Tech International (NYSE:TRT) Stock Falls 2.6% – Should You Sell?

Trio-Tech International (NYSE:TRT)’s share price fell 2.6% on Tuesday. The stock traded as low as $4.69 and last traded at $4.82. Approximately 98,276 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 572,133 shares. The stock had previously closed at $4.95.

Analyst Upgrades and Downgrades

Separately, D. Boral Capital began coverage on shares of Trio-Tech International in a research report on Monday, September 28th. They set a “buy” rating and a $17.00 price target for the company. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $17.00.

Trio-Tech International Trading Up 6.5%

The company has a debt-to-equity ratio of 0.02, a current ratio of 4.54 and a quick ratio of 4.25. The firm’s 50 day moving average is $7.01 and its 200 day moving average is $8.75. The company has a market capitalization of $57.89 million, a PE ratio of 40.00 and a beta of 2.11.

Hedge Funds Weigh In On Trio-Tech International

A number of hedge funds and other institutional investors have recently made changes to their positions in TRT. Engineers Gate Manager LP bought a new position in Trio-Tech International in the 2nd quarter worth $244,000. Corient Private Wealth LP purchased a new position in shares of Trio-Tech International during the second quarter valued at about $259,000. Empowered Funds LLC increased its position in shares of Trio-Tech International by 33.2% during 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 during the period. NewEdge Advisors LLC raised its stake in Trio-Tech International by 100.0% in the first quarter. NewEdge Advisors LLC now owns 24,016 shares of the company’s stock worth $139,000 after buying an additional 12,008 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Trio-Tech International by 100.1% in the first quarter. Renaissance Technologies LLC now owns 325,526 shares of the company’s stock worth $1,882,000 after buying an additional 162,848 shares in the last quarter. Institutional investors own 16.03% of the company’s stock.

About Trio-Tech International

Trio-Tech International is a semiconductor manufacturing services and test-equipment company. Through its subsidiaries, the company provides semiconductor testing, assembly, and related manufacturing services, supporting customers involved in the production of integrated circuits and other electronic components. Its product and service offerings include semiconductor testing, burn-in and reliability testing, test equipment, test fixtures, and related engineering and manufacturing solutions. Trio-Tech also provides electronic manufacturing and industrial services, including specialized process and production support for semiconductor and electronics companies.