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

Investment analysts at StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Trading Down 2.5 %

NYSE TRT opened at $5.97 on Friday. The company has a quick ratio of 3.08, a current ratio of 3.42 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $6.04 and its two-hundred day simple moving average is $6.09. Trio-Tech International has a twelve month low of $4.64 and a twelve month high of $7.88. The company has a market capitalization of $25.37 million, a price-to-earnings ratio of 23.88 and a beta of 1.01.

Trio-Tech International (NYSE:TRT) last announced its quarterly earnings data on Monday, September 23rd. The company reported $0.06 earnings per share 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 Trading of Trio-Tech International

A hedge fund recently raised its stake 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 its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,396 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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.