Trio-Tech International (NYSE:TRT) Research Coverage Started at StockNews.com

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

Trio-Tech International Stock Performance

Trio-Tech International stock opened at $6.34 on Wednesday. The firm has a market capitalization of $26.44 million, a PE ratio of 30.19 and a beta of 0.96. Trio-Tech International has a one year low of $4.19 and a one year high of $8.62. The stock’s 50 day moving average price is $6.08 and its 200 day moving average price is $5.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.45 and a current ratio of 2.72.

Trio-Tech International (NYSE:TRT) last posted its quarterly earnings data on Monday, February 12th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $12.20 million for the quarter. Trio-Tech International had a net margin of 2.17% and a return on equity of 2.91%.

Institutional Trading of Trio-Tech International

A number of hedge funds have recently made changes to their positions in the stock. Bridgeway Capital Management LLC raised its position in shares of Trio-Tech International by 3.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 76,721 shares of the company’s stock valued at $389,000 after acquiring an additional 2,496 shares in the last quarter. Citadel Advisors LLC bought a new stake in Trio-Tech International during the fourth quarter valued at $54,000. Dimensional Fund Advisors LP raised its holdings in shares of Trio-Tech International by 16.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 106,988 shares of the company’s stock worth $542,000 after purchasing an additional 15,447 shares during the period. Vanguard Group Inc. raised its holdings in shares of Trio-Tech International by 2.3% during the third quarter. Vanguard Group Inc. now owns 144,737 shares of the company’s stock worth $1,013,000 after purchasing an additional 3,310 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Trio-Tech International by 6.2% in the 1st quarter. Acadian Asset Management LLC now owns 54,686 shares of the company’s stock worth $393,000 after buying an additional 3,214 shares during the last quarter. Institutional investors and hedge funds own 16.03% of the company’s stock.

Trio-Tech International Company Profile

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.