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

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

Trio-Tech International Trading Down 1.6 %

Shares of TRT opened at $6.15 on Thursday. The company has a current ratio of 3.29, a quick ratio of 3.01 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 12-month low of $4.64 and a 12-month high of $8.62. The firm has a 50-day moving average price of $6.42 and a 200 day moving average price of $5.81. The firm has a market capitalization of $26.14 million, a P/E ratio of 26.74 and a beta of 0.98.

Trio-Tech International (NYSE:TRT) last announced its quarterly earnings data on Monday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter. Trio-Tech International had a net margin of 2.33% and a return on equity of 3.15%. The firm had revenue of $10.40 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC boosted its stake in shares of Trio-Tech International (NYSE:TRT) by 8.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,396 shares of the company’s stock after buying an additional 2,275 shares during the quarter. Empowered Funds LLC owned 0.73% of Trio-Tech International worth $193,000 as of its most recent SEC filing. 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.