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

StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research note released on Friday morning. The brokerage issued a buy rating on the stock.

Trio-Tech International Stock Down 1.0 %

Shares of NYSE:TRT opened at $6.18 on Friday. Trio-Tech International has a 1 year low of $5.05 and a 1 year high of $7.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.99 and a quick ratio of 3.64. The stock’s 50-day moving average is $6.17 and its 200 day moving average is $6.12. The company has a market cap of $26.25 million, a PE ratio of 44.11 and a beta of 1.07.

Trio-Tech International (NYSE:TRT) last announced its 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%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC grew its holdings in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,478 shares of the company’s stock after purchasing 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 SEC filing. Institutional investors own 16.03% of the company’s stock.

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.