StockNews.com Begins Coverage on Trio-Tech International (NYSE:TRT)

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

Trio-Tech International Stock Up 1.2 %

TRT stock opened at $6.04 on Wednesday. Trio-Tech International has a one year low of $4.98 and a one year high of $7.88. The firm has a market cap of $25.67 million, a PE ratio of 43.14 and a beta of 1.06. The firm’s 50 day moving average price is $6.33 and its 200-day moving average price is $6.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.99.

Trio-Tech International (NYSE:TRT) last posted its earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter. The business 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 Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC increased its stake in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the period. Empowered Funds LLC owned approximately 0.81% of Trio-Tech International worth $191,000 at the end of the most recent reporting period. 16.03% of the stock is currently owned by hedge funds and other institutional investors.

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.