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

StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research note published on Wednesday. The brokerage issued a buy rating on the stock.

Trio-Tech International Price Performance

Shares of Trio-Tech International stock opened at $6.84 on Wednesday. Trio-Tech International has a 52-week low of $4.64 and a 52-week high of $7.88. The stock has a market capitalization of $29.07 million, a price-to-earnings ratio of 48.86 and a beta of 1.01. The company has a fifty day moving average of $6.46 and a 200-day moving average of $6.14. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.99.

Trio-Tech International (NYSE:TRT) last announced its quarterly earnings data on Monday, September 23rd. The company reported $0.06 earnings per share (EPS) 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 $9.75 million during the quarter.

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC raised its position in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to its most recent 13F filing 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 period. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 at the end of the most recent reporting period. Hedge funds and other 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.