StockNews.com Begins Coverage on Trio-Tech International (NYSE:TRT)

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

Trio-Tech International Trading Up 0.1 %

Shares of NYSE TRT opened at $6.87 on Wednesday. Trio-Tech International has a fifty-two week low of $4.64 and a fifty-two week high of $7.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.99. The company has a market cap of $29.20 million, a price-to-earnings ratio of 49.07 and a beta of 1.01. The business’s 50 day moving average price is $6.43 and its 200-day moving average price is $6.14.

Trio-Tech International (NYSE:TRT) last released 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 for the quarter. Trio-Tech International had a return on equity of 1.82% and a net margin of 1.39%.

Institutional Trading of 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 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,478 shares of the company’s stock after acquiring an additional 1,742 shares during the period. Empowered Funds LLC owned approximately 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the Securities & Exchange Commission. 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.