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

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

Trio-Tech International Trading Down 0.6 %

Shares of NYSE:TRT opened at $6.77 on Tuesday. The stock has a 50 day moving average of $6.26 and a 200 day moving average of $6.12. The company has a market cap of $28.77 million, a PE ratio of 48.36 and a beta of 1.01. Trio-Tech International has a 12-month low of $4.64 and a 12-month high of $7.88. The company has a current ratio of 3.99, a quick ratio of 3.08 and a debt-to-equity ratio of 0.02.

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

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC raised its stake in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to the company in 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 buying 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 filing with the Securities and Exchange Commission (SEC). 16.03% of the stock is owned by institutional investors.

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.