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 note published on Friday morning. The firm issued a buy rating on the stock.

Trio-Tech International Stock Down 1.0 %

Shares of NYSE:TRT opened at $6.18 on Friday. Trio-Tech International has a fifty-two week low of $5.05 and a fifty-two week high of $7.88. The firm’s 50 day moving average price is $6.19 and its 200 day moving average price is $6.11. The company has a quick ratio of 3.64, a current ratio of 3.99 and a debt-to-equity ratio of 0.02. The stock has a market cap of $26.25 million, a price-to-earnings ratio of 44.11 and a beta of 1.07.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC increased its holdings in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter. 16.03% of the stock is currently owned by institutional investors and hedge funds.

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.