Trio-Tech International (NYSE:TRT) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Trio-Tech International (NYSE:TRT) in a report issued on Tuesday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Performance

NYSE TRT opened at $6.74 on Tuesday. The company has a 50-day simple moving average of $6.47 and a 200 day simple moving average of $5.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.01 and a current ratio of 3.29. Trio-Tech International has a 52-week low of $4.64 and a 52-week high of $8.62. The company has a market capitalization of $28.65 million, a PE ratio of 29.31 and a beta of 0.98.

Trio-Tech International (NYSE:TRT) last posted its earnings results on Monday, May 13th. The company reported $0.02 earnings per share for the quarter. Trio-Tech International had a net margin of 2.33% and a return on equity of 3.15%. The firm had revenue of $10.40 million during the quarter.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC raised its stake in shares of Trio-Tech International (NYSE:TRT) by 8.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,396 shares of the company’s stock after buying an additional 2,275 shares during the quarter. Empowered Funds LLC owned about 0.73% of Trio-Tech International worth $193,000 at the end of the most recent reporting period. Hedge funds and other 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.