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

Equities researchers at StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a note issued to investors on Friday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Down 1.2 %

Shares of NYSE TRT opened at $6.57 on Friday. 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 business has a 50-day moving average of $6.74 and a 200-day moving average of $6.17. The firm has a market capitalization of $27.92 million, a price-to-earnings ratio of 46.93 and a beta of 1.04. Trio-Tech International has a 12 month low of $4.64 and a 12 month high of $7.88.

Trio-Tech International (NYSE:TRT) last released its quarterly earnings results on Monday, September 23rd. The company reported $0.06 EPS 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

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC increased its position in Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 Securities and Exchange Commission (SEC). Institutional investors own 16.03% of the company’s stock.

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.