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

Posted by Stephan Jacobs on Oct 21st, 2024

StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT – Free Report) in a research note issued to investors on Friday. The firm issued a buy rating on the stock.

Trio-Tech International Trading Down 2.2 %

Shares of Trio-Tech International stock opened at $7.41 on Friday. Trio-Tech International has a 52-week low of $4.64 and a 52-week high of $7.88. The firm has a market capitalization of $31.49 million, a PE ratio of 29.63 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.42 and a quick ratio of 3.08. The company’s fifty day moving average price is $5.83 and its two-hundred day moving average price is $6.10.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC grew its position in Trio-Tech International (NYSE:TRT – Free Report) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the period. Empowered Funds LLC owned about 0.73% of Trio-Tech International worth $193,000 at the end of the most recent reporting period. 16.03% of the stock is owned by hedge funds and other 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.