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

StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research note published on Saturday. The firm issued a buy rating on the stock.

Trio-Tech International Trading Down 0.4 %

NYSE TRT opened at $6.27 on Friday. The company has a quick ratio of 3.08, a current ratio of 3.42 and a debt-to-equity ratio of 0.02. The firm has a market cap of $26.63 million, a PE ratio of 25.06 and a beta of 1.02. The company has a 50 day moving average price of $5.99 and a 200 day moving average price of $6.10. Trio-Tech International has a 52 week low of $4.64 and a 52 week high of $7.88.

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

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC grew its holdings in Trio-Tech International (NYSE:TRT) by 8.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 about 0.73% of Trio-Tech International worth $193,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 16.03% of the company’s stock.

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.