Trio-Tech International (NYSE:TRT) Now Covered by StockNews.com

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

Trio-Tech International Stock Up 0.1 %

Trio-Tech International stock opened at $6.17 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.99 and a quick ratio of 3.64. The company’s 50-day moving average is $6.26 and its 200-day moving average is $6.11. 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 has a fifty-two week low of $5.01 and a fifty-two week high of $7.88.

Trio-Tech International (NYSE:TRT) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share for the quarter. Trio-Tech International had a return on equity of 1.82% and a net margin of 1.39%. The business had revenue of $9.80 million for 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 boosted its holdings in shares of Trio-Tech International (NYSE:TRT) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,478 shares of the company’s stock after purchasing an additional 1,742 shares during the period. Empowered Funds LLC owned about 0.81% of Trio-Tech International worth $191,000 at the end of the most recent quarter. 16.03% of the stock is owned by hedge funds and other 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.