Trio-Tech International (NYSE:TRT) Now Covered by Analysts at 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 Stock Up 3.2 %

Shares of NYSE:TRT opened at $6.19 on Friday. The firm has a market capitalization of $26.31 million, a P/E ratio of 44.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.99. The stock has a 50 day moving average price of $6.71 and a 200-day moving average price of $6.16. 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 posted its quarterly earnings data on Monday, September 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. Trio-Tech International had a return on equity of 1.82% and a net margin of 1.39%. The business had revenue of $9.75 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 lifted its stake in Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the Securities & Exchange Commission. 16.03% of the stock is owned by institutional investors and hedge funds.

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.