Trio-Tech International (NYSE:TRT) Now Covered by StockNews.com

StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued on Wednesday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Stock Performance

NYSE:TRT opened at $5.81 on Wednesday. The company has a fifty day moving average of $6.39 and a 200-day moving average of $6.12. The firm has a market capitalization of $24.67 million, a P/E ratio of 41.46 and a beta of 1.06. 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 twelve month low of $4.94 and a twelve month high of $7.88.

Trio-Tech International (NYSE:TRT) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter. The business had revenue of $9.80 million for the quarter. Trio-Tech International had a net margin of 1.39% and a return on equity of 1.82%.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC grew its position in shares of Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,478 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC). 16.03% of the stock is 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.