Trio-Tech International (NYSE:TRT) Coverage Initiated by Analysts at StockNews.com

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

Trio-Tech International Price Performance

NYSE:TRT opened at $6.18 on Friday. Trio-Tech International has a 52 week low of $5.05 and a 52 week high of $7.88. The stock’s fifty day moving average is $6.19 and its two-hundred day moving average is $6.11. The company has a market capitalization of $26.25 million, a P/E ratio of 44.11 and a beta of 1.07. The company has a quick ratio of 3.64, a current ratio of 3.99 and a debt-to-equity ratio of 0.02.

Trio-Tech International (NYSE:TRT) last issued 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 during the quarter. Trio-Tech International had a net margin of 1.39% and a return on equity of 1.82%.

Institutional Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC grew its position in Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,478 shares of the company’s stock after buying an additional 1,742 shares during the quarter. Empowered Funds LLC owned 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the Securities and Exchange Commission. 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.