Trio-Tech International (NYSE:TRT) Coverage Initiated by Analysts at StockNews.com

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

Trio-Tech International Price Performance

NYSE TRT opened at $6.77 on Tuesday. Trio-Tech International has a one year low of $4.64 and a one year high of $7.88. The stock has a 50-day moving average of $6.26 and a 200 day moving average of $6.12. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.08 and a current ratio of 3.99. The company has a market capitalization of $28.77 million, a price-to-earnings ratio of 48.36 and a beta of 1.01.

Trio-Tech International (NYSE:TRT) last announced its quarterly earnings results on Monday, September 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. Trio-Tech International had a net margin of 1.39% and a return on equity of 1.82%. The firm had revenue of $9.75 million for the quarter.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC increased its position in Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,478 shares of the company’s stock after acquiring an additional 1,742 shares during the period. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 at the end of the most recent reporting period. 16.03% of the stock is owned by institutional investors.

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.