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 Friday. The firm issued a buy rating on the stock.

Trio-Tech International Stock Down 0.7 %

Shares of NYSE:TRT opened at $6.05 on Friday. The stock has a 50-day simple moving average of $6.39 and a 200-day simple moving average of $5.89. The stock has a market capitalization of $25.71 million, a P/E ratio of 26.30 and a beta of 0.98. Trio-Tech International has a 1 year low of $4.64 and a 1 year high of $8.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.01 and a current ratio of 3.29.

Trio-Tech International (NYSE:TRT) last released its quarterly earnings data on Monday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter. Trio-Tech International had a net margin of 2.33% and a return on equity of 3.15%. The company had revenue of $10.40 million during the quarter.

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC increased its stake in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 30,396 shares of the company’s stock after acquiring an additional 2,275 shares during the period. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 at the end of the most recent reporting period. 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.