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 research note released on Sunday morning. The brokerage issued a buy rating on the stock.

Trio-Tech International Trading Down 3.0 %

NYSE TRT opened at $6.68 on Friday. The company has a market cap of $28.37 million, a PE ratio of 26.70 and a beta of 1.01. The company has a current ratio of 3.42, a quick ratio of 3.08 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 12 month low of $4.64 and a 12 month high of $7.88. The stock has a 50 day moving average of $6.10 and a 200-day moving average of $6.10.

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

Institutional Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC grew its position in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the quarter. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 as of its most recent SEC filing. Institutional investors own 16.03% of the company’s stock.

About Trio-Tech International

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.