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

StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT) in a research report released on Wednesday. The firm issued a buy rating on the stock.

Trio-Tech International Trading Up 1.0 %

Shares of NYSE:TRT opened at $5.88 on Wednesday. The stock has a 50 day moving average of $6.36 and a 200 day moving average of $6.11. The company has a market cap of $24.99 million, a PE ratio of 42.00 and a beta of 1.06. The company has a current ratio of 3.99, a quick ratio of 3.64 and a debt-to-equity ratio of 0.02. Trio-Tech International has a 12-month low of $4.94 and a 12-month high of $7.88.

Trio-Tech International (NYSE:TRT) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $9.80 million for the quarter. Trio-Tech International had a net margin of 1.39% and a return on equity of 1.82%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC boosted its holdings in Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 0.81% of Trio-Tech International worth $191,000 as of its most recent SEC filing. Institutional investors 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.