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

Equities researchers at StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT) in a note issued to investors on Thursday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Performance

Shares of TRT stock opened at $6.83 on Thursday. The firm has a market capitalization of $29.03 million, a PE ratio of 48.79 and a beta of 1.04. The company has a 50 day moving average price of $6.68 and a 200-day moving average price of $6.17. Trio-Tech International has a 52 week low of $4.64 and a 52 week high of $7.88. The company has a quick ratio of 3.64, a current ratio of 3.99 and a debt-to-equity ratio of 0.02.

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

Hedge Funds Weigh In On Trio-Tech International

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 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,478 shares of the company’s stock after acquiring an additional 1,742 shares during the quarter. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.