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

StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a report issued on Thursday morning. The brokerage issued a buy rating on the stock.

Trio-Tech International Trading Down 4.3 %

TRT stock opened at $6.53 on Thursday. The business has a fifty day moving average price of $6.65 and a 200 day moving average price of $6.17. Trio-Tech International has a fifty-two week low of $4.64 and a fifty-two week high of $7.88. The stock has a market capitalization of $27.75 million, a price-to-earnings ratio of 46.64 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.99 and a quick ratio of 3.64.

Trio-Tech International (NYSE:TRT) last released its quarterly earnings results on Monday, September 23rd. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $9.75 million during the quarter. Trio-Tech International had a return on equity of 1.82% and a net margin of 1.39%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its position in Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 34,478 shares of the company’s stock after buying an additional 1,742 shares during the period. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the SEC. 16.03% of the stock is owned by hedge funds and other institutional investors.

Trio-Tech International Company Profile

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.