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

StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a report published on Friday morning. The firm issued a buy rating on the stock.

Trio-Tech International Price Performance

NYSE TRT opened at $6.18 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.99. The company has a market capitalization of $26.25 million, a price-to-earnings ratio of 44.11 and a beta of 1.07. The stock has a 50-day moving average of $6.17 and a 200 day moving average of $6.12. Trio-Tech International has a one year low of $5.05 and a one year high of $7.88.

Trio-Tech International (NYSE:TRT) last released its quarterly earnings data on Tuesday, November 12th. 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 company had revenue of $9.80 million for the quarter.

Institutional Trading of Trio-Tech International

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 Securities & Exchange Commission. The firm 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 as of its most recent SEC filing. Institutional investors and hedge funds 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.