Trio-Tech International (NYSE:TRT) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a research report sent to investors on Monday morning. The brokerage issued a buy rating on the stock.

Trio-Tech International Price Performance

Trio-Tech International stock opened at $5.78 on Monday. The firm has a market cap of $24.58 million, a PE ratio of 25.15 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.29 and a quick ratio of 3.01. The stock’s fifty day moving average price is $6.27 and its two-hundred day moving average price is $6.01. Trio-Tech International has a one year low of $4.64 and a one year high of $8.62.

Trio-Tech International (NYSE:TRT) last released its earnings results on Monday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $10.40 million for 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

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC boosted its holdings in shares of Trio-Tech International (NYSE:TRT) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,396 shares of the company’s stock after purchasing 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 quarter. 16.03% of the stock is currently owned by institutional investors and hedge funds.

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.