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

StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT) in a report published on Saturday. The brokerage issued a buy rating on the stock.

Trio-Tech International Price Performance

TRT stock opened at $6.80 on Friday. The firm has a 50-day moving average of $5.97 and a 200 day moving average of $6.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.42 and a quick ratio of 3.08. The company has a market cap of $28.90 million, a P/E ratio of 29.57 and a beta of 1.02. Trio-Tech International has a 1 year low of $4.64 and a 1 year high of $7.88.

Trio-Tech International (NYSE:TRT) last announced its earnings results on Monday, September 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. Trio-Tech International had a return on equity of 3.37% and a net margin of 2.48%. The firm had revenue of $9.75 million during the quarter.

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC boosted its holdings in Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the quarter. Empowered Funds LLC owned about 0.73% of Trio-Tech International worth $193,000 at the end of the most recent quarter. 16.03% of the stock is currently owned by institutional investors and hedge funds.

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.