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

Equities researchers at StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a report released on Saturday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Stock Performance

Shares of TRT opened at $6.19 on Friday. The business has a 50-day simple moving average of $6.71 and a two-hundred day simple moving average of $6.16. The company has a quick ratio of 3.64, a current ratio of 3.99 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 52 week low of $4.64 and a 52 week high of $7.88. The stock has a market cap of $26.31 million, a price-to-earnings ratio of 44.21 and a beta of 1.04.

Trio-Tech International (NYSE:TRT) last released its earnings results on Monday, September 23rd. The company reported $0.06 EPS for the quarter. Trio-Tech International had a net margin of 1.39% and a return on equity of 1.82%. The company had revenue of $9.75 million for the quarter.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC raised its position in shares of Trio-Tech International (NYSE:TRT) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 and Exchange Commission (SEC). Institutional investors and hedge funds 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.