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

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

Trio-Tech International Stock Performance

Shares of TRT stock opened at $6.09 on Friday. The company has a current ratio of 3.29, a quick ratio of 3.01 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $6.39 and its 200-day moving average price is $5.88. The stock has a market cap of $25.88 million, a PE ratio of 26.48 and a beta of 0.98. Trio-Tech International has a 12 month low of $4.64 and a 12 month high of $8.62.

Trio-Tech International (NYSE:TRT) last announced its quarterly earnings data on Monday, May 13th. The company reported $0.02 earnings per share for the quarter. Trio-Tech International had a net margin of 2.33% and a return on equity of 3.15%. The business had revenue of $10.40 million for the quarter.

Institutional Investors Weigh In On 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 8.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the period. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 at the end of the most recent reporting period. 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.