Trio-Tech International (NYSE:TRT) Earns Buy Rating from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Price Performance

Shares of TRT stock opened at $6.84 on Wednesday. The company has a market capitalization of $29.07 million, a PE ratio of 48.86 and a beta of 1.01. The firm has a fifty day simple moving average of $6.51 and a 200-day simple moving average of $6.15. The company has a current ratio of 3.99, a quick ratio of 3.64 and a debt-to-equity ratio of 0.02. Trio-Tech International has a twelve month low of $4.64 and a twelve month high of $7.88.

Trio-Tech International (NYSE:TRT) last announced its 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 Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC boosted its stake in Trio-Tech International (NYSE:TRT) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,478 shares of the company’s stock after acquiring an additional 1,742 shares during the period. Empowered Funds LLC owned 0.81% of Trio-Tech International worth $191,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.