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

Research analysts at StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Price Performance

Shares of Trio-Tech International stock opened at $6.16 on Thursday. Trio-Tech International has a 52-week low of $5.01 and a 52-week high of $7.88. The stock has a market capitalization of $26.18 million, a price-to-earnings ratio of 44.00 and a beta of 1.06. The company has a fifty day moving average of $6.28 and a 200-day moving average of $6.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.99.

Trio-Tech International (NYSE:TRT) last posted its quarterly earnings results on Tuesday, November 12th. 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 firm had revenue of $9.80 million for the quarter.

Institutional Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC grew its stake in shares of Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 about 0.81% of Trio-Tech International worth $191,000 as of its most recent SEC filing. 16.03% of the stock is currently 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.