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

StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a research report sent to investors on Monday. The brokerage issued a buy rating on the stock.

Trio-Tech International Price Performance

TRT opened at $6.77 on Monday. The company has a market capitalization of $28.77 million, a price-to-earnings ratio of 47.36 and a beta of 1.01. The company has a current ratio of 3.42, a quick ratio of 3.08 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 12-month low of $4.64 and a 12-month high of $7.88. The business’s fifty day simple moving average is $6.22 and its 200-day simple moving average is $6.11.

Trio-Tech International (NYSE:TRT) last issued its earnings results on Monday, September 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $9.75 million for the quarter. Trio-Tech International had a net margin of 1.39% and a return on equity of 1.85%.

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 shares of Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the quarter. Empowered Funds LLC owned about 0.73% of Trio-Tech International worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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.