Trio-Tech International (NYSE:TRT) Now Covered by Analysts at StockNews.com

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

Trio-Tech International Stock Performance

Shares of Trio-Tech International stock opened at $6.87 on Wednesday. The firm has a market capitalization of $29.20 million, a P/E ratio of 49.07 and a beta of 1.01. 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. The company has a 50 day moving average price of $6.43 and a 200 day moving average price of $6.14.

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. The firm had revenue of $9.75 million for 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

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC lifted its holdings in Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 0.81% of Trio-Tech International worth $191,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.