StockNews.com Begins Coverage on Trio-Tech International (NYSE:TRT)

StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a report released on Tuesday. The firm issued a buy rating on the stock.

Trio-Tech International Price Performance

TRT stock opened at $6.92 on Tuesday. The stock has a 50-day moving average price of $6.37 and a two-hundred day moving average price of $6.14. The stock has a market cap of $29.41 million, a PE ratio of 51.36 and a beta of 1.01. The company has a current ratio of 3.99, a quick ratio of 3.64 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 $7.88.

Trio-Tech International (NYSE:TRT) last released its earnings results on Monday, September 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $9.75 million during the quarter. Trio-Tech International had a return on equity of 1.82% and a net margin of 1.39%.

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 shares of Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,478 shares of the company’s stock after buying an additional 1,742 shares during the period. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 at the end of the most recent quarter. 16.03% of the stock is currently owned by institutional investors.

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.