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

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

Trio-Tech International Stock Up 0.2 %

Trio-Tech International stock opened at $6.36 on Wednesday. Trio-Tech International has a fifty-two week low of $4.19 and a fifty-two week high of $8.62. The firm has a market capitalization of $26.52 million, a PE ratio of 30.29 and a beta of 0.96. The company’s 50-day moving average is $6.00 and its 200-day moving average is $5.79. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.72 and a quick ratio of 2.45.

Trio-Tech International (NYSE:TRT) last posted its quarterly earnings data on Monday, February 12th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $12.20 million during the quarter. Trio-Tech International had a net margin of 2.17% and a return on equity of 2.91%.

Institutional Trading of Trio-Tech International

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bridgeway Capital Management LLC increased its position in shares of Trio-Tech International by 3.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 76,721 shares of the company’s stock worth $389,000 after buying an additional 2,496 shares during the period. Acadian Asset Management LLC grew its holdings in Trio-Tech International by 6.2% in the first quarter. Acadian Asset Management LLC now owns 54,686 shares of the company’s stock worth $393,000 after purchasing an additional 3,214 shares during the period. Vanguard Group Inc. grew its holdings in Trio-Tech International by 2.3% in the third quarter. Vanguard Group Inc. now owns 144,737 shares of the company’s stock worth $1,013,000 after purchasing an additional 3,310 shares during the period. Citadel Advisors LLC acquired a new stake in Trio-Tech International in the fourth quarter worth $54,000. Finally, Dimensional Fund Advisors LP grew its holdings in Trio-Tech International by 16.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 106,988 shares of the company’s stock worth $542,000 after purchasing an additional 15,447 shares during the period. Institutional investors own 16.03% of the company’s stock.

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.