StockNews.com Initiates Coverage on Trio-Tech International (NYSE:TRT)

StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued to investors on Wednesday morning. The brokerage issued a buy rating on the stock.

Trio-Tech International Trading Down 0.4 %

NYSE:TRT opened at $6.84 on Wednesday. The company has a 50-day moving average price of $6.46 and a 200-day moving average price of $6.14. 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 3.64 and a debt-to-equity ratio of 0.02. The stock has a market cap of $29.07 million, a price-to-earnings ratio of 48.86 and a beta of 1.01.

Trio-Tech International (NYSE:TRT) last issued its quarterly 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 during the quarter. Trio-Tech International had a net margin of 1.39% and a return on equity of 1.82%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its position in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC owned 0.81% of Trio-Tech International worth $191,000 at the end of the most recent quarter. 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.