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

Investment analysts at StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT) in a research note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

Trio-Tech International Price Performance

Shares of Trio-Tech International stock opened at $6.88 on Tuesday. The firm has a fifty day moving average price of $6.31 and a two-hundred day moving average price of $6.12. Trio-Tech International has a fifty-two week low of $4.64 and a fifty-two week high of $7.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.99 and a quick ratio of 3.64. The company has a market cap of $29.24 million, a PE ratio of 47.64 and a beta of 1.01.

Trio-Tech International (NYSE:TRT) last released its earnings results on Monday, September 23rd. The company reported $0.06 earnings per share for the quarter. Trio-Tech International had a net margin of 1.39% and a return on equity of 1.82%. The business had revenue of $9.75 million during 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 holdings in Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the 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 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the SEC. 16.03% of the stock is currently owned by hedge funds and other 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.