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

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

Trio-Tech International Stock Down 1.6 %

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

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

Hedge Funds Weigh In On Trio-Tech International

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