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

Equities researchers at StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a note issued to investors on Sunday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Down 2.5 %

Shares of NYSE TRT opened at $5.97 on Friday. The company has a quick ratio of 3.08, a current ratio of 3.42 and a debt-to-equity ratio of 0.02. The company has a market cap of $25.37 million, a P/E ratio of 23.88 and a beta of 1.01. Trio-Tech International has a 52 week low of $4.64 and a 52 week high of $7.88. The business has a 50-day simple moving average of $6.04 and a two-hundred day simple moving average of $6.09.

Trio-Tech International (NYSE:TRT) last issued its quarterly earnings data on Monday, September 23rd. The company reported $0.06 EPS for the quarter. Trio-Tech International had a net margin of 2.48% and a return on equity of 3.37%. The company 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 raised its holdings in Trio-Tech International (NYSE:TRT) by 8.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,396 shares of the company’s stock after acquiring an additional 2,275 shares during the period. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 at the end of the most recent reporting 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.