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

Stock analysts at StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a report issued on Saturday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Stock Performance

Shares of Trio-Tech International stock opened at $6.19 on Friday. The company has a quick ratio of 3.64, a current ratio of 3.99 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average is $6.71 and its two-hundred day moving average is $6.16. Trio-Tech International has a 52 week low of $4.64 and a 52 week high of $7.88. The company has a market capitalization of $26.31 million, a PE ratio of 44.21 and a beta of 1.04.

Trio-Tech International (NYSE:TRT) last posted its quarterly earnings results on Monday, September 23rd. The company reported $0.06 EPS for the quarter. Trio-Tech International had a net margin of 1.39% and a return on equity of 1.82%. The firm had revenue of $9.75 million for the quarter.

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