Trio-Tech International (NYSE:TRT) Now Covered by Analysts at StockNews.com

Posted by Dante Gardener on Nov 12th, 2024

StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT – Free Report) in a report published on Monday. The firm issued a buy rating on the stock.

Trio-Tech International Trading Down 4.9 %

NYSE TRT opened at $6.83 on Monday. The company has a quick ratio of 3.08, a current ratio of 3.42 and a debt-to-equity ratio of 0.02. Trio-Tech International has a twelve month low of $4.64 and a twelve month high of $7.88. The firm has a market capitalization of $29.03 million, a PE ratio of 27.32 and a beta of 1.01. The stock’s 50 day moving average is $6.15 and its 200 day moving average is $6.11.

Trio-Tech International (NYSE:TRT – Get Free Report) last released its quarterly earnings results on Monday, September 23rd. The company reported $0.06 earnings per share for the quarter. Trio-Tech International had a return on equity of 3.37% and a net margin of 2.48%. The company had revenue of $9.75 million for the quarter.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its stake in Trio-Tech International (NYSE:TRT – Free Report) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,396 shares of the company’s stock after acquiring an additional 2,275 shares during the period. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 as of its most recent SEC filing. 16.03% of the stock is currently owned by institutional investors.

Trio-Tech International Company Profile

(Get Free Report)

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.