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

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

Trio-Tech International Price Performance

NYSE:TRT opened at $6.66 on Tuesday. The stock has a market capitalization of $28.31 million, a PE ratio of 47.57 and a beta of 1.01. Trio-Tech International has a 52 week low of $4.64 and a 52 week high of $7.88. The stock’s 50-day moving average price is $6.29 and its 200-day moving average price is $6.12. The company has a quick ratio of 3.64, a current ratio of 3.99 and a debt-to-equity ratio of 0.02.

Trio-Tech International (NYSE:TRT) last issued its quarterly earnings results on Monday, September 23rd. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $9.75 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 lifted its position in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to its most recent 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 period. Empowered Funds LLC owned approximately 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 16.03% of the stock is owned by 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.