Trio-Tech International (NYSE:TRT) Earns Buy Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT) in a report released on Friday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Stock Up 2.6 %

Shares of NYSE TRT opened at $7.58 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.08 and a current ratio of 3.42. Trio-Tech International has a 1 year low of $4.64 and a 1 year high of $7.88. The stock’s 50-day simple moving average is $5.80 and its 200-day simple moving average is $6.10. The firm has a market cap of $32.22 million, a price-to-earnings ratio of 30.32 and a beta of 1.02.

Trio-Tech International (NYSE:TRT) last posted its quarterly earnings data 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 company had revenue of $9.75 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC grew its stake in Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the quarter. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 as of its most recent filing with the SEC. 16.03% of the stock is owned by institutional investors.

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.