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

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

Trio-Tech International Price Performance

Shares of TRT opened at $6.27 on Friday. Trio-Tech International has a twelve month low of $4.64 and a twelve month high of $8.62. The company has a 50 day moving average of $6.40 and a two-hundred day moving average of $5.86. The company has a quick ratio of 3.01, a current ratio of 3.29 and a debt-to-equity ratio of 0.02. The company has a market cap of $26.65 million, a price-to-earnings ratio of 27.26 and a beta of 0.98.

Trio-Tech International (NYSE:TRT) last announced its quarterly earnings data on Monday, May 13th. The company reported $0.02 EPS for the quarter. The firm 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%.

Institutional Investors 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 shares of Trio-Tech International (NYSE:TRT) by 8.1% during 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 purchasing an additional 2,275 shares during the quarter. Empowered Funds LLC owned 0.73% of Trio-Tech International worth $193,000 at the end of the most recent reporting period. 16.03% of the stock is currently owned by institutional investors and hedge funds.

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.