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

Research analysts at StockNews.com began 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 Price Performance

Shares of TRT stock opened at $6.84 on Thursday. The firm’s 50 day moving average price is $6.63 and its two-hundred day moving average price is $6.16. 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 stock has a market cap of $29.07 million, a PE ratio of 48.86 and a beta of 1.04. Trio-Tech International has a 52-week low of $4.64 and a 52-week high of $7.88.

Trio-Tech International (NYSE:TRT) last issued its quarterly earnings data on Monday, September 23rd. The company reported $0.06 EPS for the quarter. The business 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%.

Institutional Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC grew its position in Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,478 shares of the company’s stock after buying 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 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.