Stock analysts at StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT – Get Free Report) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the stock.
Trio-Tech International Stock Down 1.6 %
Shares of TRT opened at $6.15 on Thursday. Trio-Tech International has a one year low of $4.64 and a one year high of $8.62. The company has a market cap of $26.14 million, a P/E ratio of 26.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.29 and a quick ratio of 3.01. The firm has a 50 day simple moving average of $6.42 and a two-hundred day simple moving average of $5.81.
Trio-Tech International (NYSE:TRT – Get Free Report) last announced its quarterly earnings results on Monday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $10.40 million during the quarter. Trio-Tech International had a net margin of 2.33% and a return on equity of 3.15%.
Hedge Funds Weigh In On Trio-Tech International
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.
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