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

Posted by Jessica Moore on Aug 9th, 2024

Investment analysts at StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT – Get Free Report) in a research report issued on Wednesday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Down 3.2 %

Shares of Trio-Tech International stock opened at $5.45 on Wednesday. Trio-Tech International has a 12-month low of $4.64 and a 12-month high of $8.62. The stock has a market capitalization of $23.16 million, a P/E ratio of 24.78 and a beta of 1.02. The company has a quick ratio of 3.01, a current ratio of 3.29 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $6.09 and a two-hundred day moving average price of $6.06.

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

Institutional Trading of Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC lifted its stake in Trio-Tech International (NYSE:TRT – Free Report) by 8.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,396 shares of the company’s stock after buying an additional 2,275 shares during the period. Empowered Funds LLC owned about 0.73% of Trio-Tech International worth $193,000 at the end of the most recent reporting period. 16.03% of the stock is owned by institutional investors and hedge funds.

Trio-Tech International Company Profile

(Get Free Report)

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.