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

StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a research note published on Thursday morning. The firm issued a buy rating on the stock.

Trio-Tech International Stock Up 0.1 %

TRT stock opened at $6.17 on Thursday. The company has a quick ratio of 3.64, a current ratio of 3.99 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average is $6.26 and its 200-day moving average is $6.11. Trio-Tech International has a twelve month low of $5.01 and a twelve month high of $7.88. The firm has a market capitalization of $26.20 million, a PE ratio of 44.00 and a beta of 1.06.

Trio-Tech International (NYSE:TRT) last posted its earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter. The firm 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%.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC boosted its holdings in Trio-Tech International (NYSE:TRT) by 5.3% in the third quarter, according to its most recent 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 period. Empowered Funds LLC owned approximately 0.81% of Trio-Tech International worth $191,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors 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.