Trio-Tech International (NYSEAMERICAN:TRT) Share Price Passes Above 200-Day Moving Average of $0.00

Trio-Tech International (NYSEAMERICAN:TRT – Get Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $5.24. Trio-Tech International shares last traded at $5.14, with a volume of 4,611 shares changing hands.

Trio-Tech International Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 2.54 and a quick ratio of 2.30. The firm has a market cap of $20.30 million, a PE ratio of 23.36 and a beta of 1.36.

Trio-Tech International (NYSEAMERICAN:TRT – Get Rating) last released its quarterly earnings results on Monday, May 16th. The company reported ($0.04) earnings per share (EPS) for the quarter. Trio-Tech International had a net margin of 2.48% and a return on equity of 3.54%. The firm had revenue of $11.14 million for the quarter.

Institutional Investors Weigh In On Trio-Tech International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of Trio-Tech International by 16.2% during the 4th quarter. Renaissance Technologies LLC now owns 300,637 shares of the company’s stock worth $4,038,000 after buying an additional 41,808 shares during the period. Acadian Asset Management LLC boosted its holdings in Trio-Tech International by 315.5% in the 4th quarter. Acadian Asset Management LLC now owns 51,472 shares of the company’s stock valued at $689,000 after purchasing an additional 39,085 shares during the period. Finally, Wedbush Securities Inc. bought a new stake in Trio-Tech International in the 1st quarter valued at about $75,000. 15.38% of the stock is currently owned by institutional investors and hedge funds.

Trio-Tech International Company Profile

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Trio-Tech International, together with its subsidiaries, provides manufacturing, testing, and distribution services to the semiconductor industry. The company's Testing Services segment offers stabilization bake, thermal shock, temperature cycling, mechanical shock, constant acceleration, gross and fine leak, electrical, static and dynamic burn-in, and vibration testing, as well as reliability lab and microprocessor equipment contract cleaning services.