Trio-Tech International (NYSE:TRT) Rating Lowered to Hold at StockNews.com

Trio-Tech International (NYSE:TRT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Trio-Tech International Stock Up 4.0 %

Trio-Tech International stock opened at $6.10 on Monday. Trio-Tech International has a fifty-two week low of $4.19 and a fifty-two week high of $8.62. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.86 and a current ratio of 3.09. The company has a market capitalization of $24.87 million, a P/E ratio of 16.49 and a beta of 1.32. The stock has a 50-day simple moving average of $6.76 and a 200-day simple moving average of $5.76.

Trio-Tech International (NYSE:TRT) last posted its earnings results on Wednesday, September 27th. The company reported $0.04 earnings per share for the quarter. Trio-Tech International had a return on equity of 5.25% and a net margin of 3.57%. The business had revenue of $9.08 million during the quarter.

Institutional Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Acadian Asset Management LLC raised its stake in shares of Trio-Tech International (NYSE:TRT) by 6.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,686 shares of the company’s stock after acquiring an additional 3,214 shares during the period. Acadian Asset Management LLC owned approximately 1.38% of Trio-Tech International worth $393,000 as of its most recent SEC filing. Institutional investors own 15.92% 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.