Trio-Tech International (NYSE:TRT) Earns Buy Rating from Analysts at StockNews.com

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

Trio-Tech International Stock Up 1.2 %

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

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

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its stake in Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & 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 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 hedge funds and other institutional investors.

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.