Trio-Tech International (NYSE:TRT) Now Covered by Analysts at StockNews.com

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

Trio-Tech International Price Performance

NYSE TRT opened at $6.16 on Thursday. Trio-Tech International has a 12 month low of $5.01 and a 12 month high of $7.88. The stock has a market cap of $26.18 million, a price-to-earnings ratio of 44.00 and a beta of 1.06. The company’s 50 day moving average is $6.28 and its two-hundred day moving average is $6.11. The company has a current ratio of 3.99, a quick ratio of 3.64 and a debt-to-equity ratio of 0.02.

Trio-Tech International (NYSE:TRT) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $9.80 million for the quarter. Trio-Tech International had a net margin of 1.39% and a return on equity of 1.82%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC boosted its position in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 & Exchange Commission. 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.