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

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

Trio-Tech International Trading Up 1.5 %

NYSE:TRT opened at $6.65 on Friday. 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 firm has a 50-day simple moving average of $6.74 and a 200-day simple moving average of $6.17. Trio-Tech International has a one year low of $4.64 and a one year high of $7.88. The firm has a market cap of $28.26 million, a P/E ratio of 47.50 and a beta of 1.04.

Trio-Tech International (NYSE:TRT) last posted its earnings results on Monday, September 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. The company 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 boosted its holdings in shares of Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC owned approximately 0.81% of Trio-Tech International worth $191,000 at the end of the most recent reporting period. 16.03% of the stock is currently owned by institutional investors.

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.