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

Analysts at StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating on the stock.

Trio-Tech International Price Performance

NYSE:TRT opened at $5.52 on Tuesday. The business’s 50-day moving average price is $6.18 and its 200 day moving average price is $6.04. The firm has a market cap of $23.45 million, a P/E ratio of 23.99 and a beta of 1.02. Trio-Tech International has a 52-week low of $4.64 and a 52-week high of $8.62. The company has a quick ratio of 3.01, a current ratio of 3.29 and a debt-to-equity ratio of 0.02.

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

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC raised its holdings in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,396 shares of the company’s stock after acquiring an additional 2,275 shares during the quarter. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 at the end of the most recent quarter. 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.