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

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

Trio-Tech International Stock Performance

Shares of NYSE TRT opened at $7.18 on Monday. The company has a current ratio of 3.42, a quick ratio of 3.08 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $30.52 million, a P/E ratio of 28.72 and a beta of 1.01. Trio-Tech International has a 12 month low of $4.64 and a 12 month high of $7.88. The stock has a 50 day moving average of $6.15 and a 200-day moving average of $6.11.

Trio-Tech International (NYSE:TRT) last released 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 firm had revenue of $9.75 million during the quarter.

Institutional Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC grew its holdings in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the first 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 purchasing an additional 2,275 shares during the period. Empowered Funds LLC owned about 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.