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

Posted by Donald Scott on Dec 14th, 2024

StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT – Free Report) in a report released on Friday. The brokerage issued a buy rating on the stock.

Trio-Tech International Trading Down 1.2 %

NYSE TRT opened at $6.57 on Friday. Trio-Tech International has a one year low of $4.64 and a one year high of $7.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.99. The company has a market capitalization of $27.92 million, a price-to-earnings ratio of 46.93 and a beta of 1.04. The company’s 50-day simple moving average is $6.74 and its two-hundred day simple moving average is $6.17.

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

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC boosted its position in Trio-Tech International (NYSE:TRT – Free Report) by 5.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC owned approximately 0.81% of Trio-Tech International worth $191,000 at the end of the most recent reporting period. 16.03% of the stock is currently owned by institutional investors.

About Trio-Tech International

(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.