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

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

Trio-Tech International Stock Down 3.8 %

NYSE:TRT opened at $6.92 on Tuesday. The stock’s fifty day moving average price is $6.37 and its two-hundred day moving average price is $6.14. Trio-Tech International has a 52-week low of $4.64 and a 52-week 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 company has a market cap of $29.41 million, a price-to-earnings ratio of 51.36 and a beta of 1.01.

Trio-Tech International (NYSE:TRT) last posted its quarterly earnings data on Monday, September 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $9.75 million for the quarter. Trio-Tech International had a return on equity of 1.82% and a net margin of 1.39%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC grew its stake in Trio-Tech International (NYSE:TRT) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the quarter. Empowered Funds LLC owned about 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 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.