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

Equities researchers at StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT) in a note issued to investors on Wednesday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Performance

Trio-Tech International stock opened at $5.45 on Wednesday. Trio-Tech International has a 52 week low of $4.64 and a 52 week high of $8.62. The company has a current ratio of 3.29, a quick ratio of 3.01 and a debt-to-equity ratio of 0.02. The stock has a market cap of $23.16 million, a P/E ratio of 24.78 and a beta of 1.02. The stock has a 50 day moving average of $6.09 and a 200-day moving average of $6.06.

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

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC increased its position in shares of Trio-Tech International (NYSE:TRT) by 8.1% during 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 quarter. Empowered Funds LLC owned 0.73% of Trio-Tech International worth $193,000 at the end of the most recent reporting period. 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.