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

Investment analysts at StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a report released on Sunday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Down 3.2 %

TRT stock opened at $6.02 on Friday. The company’s 50 day moving average is $6.34 and its 200 day moving average is $5.97. The stock has a market cap of $25.59 million, a price-to-earnings ratio of 26.17 and a beta of 1.02. The company has a current ratio of 3.29, a quick ratio of 3.01 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 1-year low of $4.64 and a 1-year high of $8.62.

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

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC lifted its holdings in Trio-Tech International (NYSE:TRT) by 8.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 30,396 shares of the company’s stock after acquiring an additional 2,275 shares during the quarter. Empowered Funds LLC owned 0.73% of Trio-Tech International worth $193,000 at the end of the most recent quarter. 16.03% of the stock is currently owned by institutional investors and hedge funds.

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.