Trio-Tech International (NYSE:TRT) Earns Buy Rating from Analysts at StockNews.com

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

Trio-Tech International Stock Performance

Shares of NYSE:TRT opened at $6.77 on Monday. The business has a 50-day moving average of $6.22 and a two-hundred day moving average of $6.11. The firm has a market capitalization of $28.76 million, a PE ratio of 48.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.42 and a quick ratio of 3.08. Trio-Tech International has a 12 month low of $4.64 and a 12 month high of $7.88.

Trio-Tech International (NYSE:TRT) last posted its quarterly earnings results on Monday, September 23rd. The company reported $0.06 EPS 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 1.85%.

Institutional Trading of Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC increased its position in Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities and 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 filing with the Securities and Exchange Commission. 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.