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

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

Trio-Tech International Trading Down 6.6 %

Shares of TRT stock opened at $6.92 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.08 and a current ratio of 3.42. Trio-Tech International has a 52-week low of $4.64 and a 52-week high of $7.88. The company has a market capitalization of $29.41 million, a PE ratio of 27.68 and a beta of 1.02. The business’s fifty day moving average is $5.87 and its 200 day moving average is $6.10.

Trio-Tech International (NYSE:TRT) last issued its quarterly earnings data on Monday, September 23rd. The company reported $0.06 earnings per share (EPS) for the quarter. Trio-Tech International had a return on equity of 3.37% and a net margin of 2.48%. The company had revenue of $9.75 million for the quarter.

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its position in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the period. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 at the end of the most recent reporting period. 16.03% of the stock is owned by hedge funds and other institutional investors.

Trio-Tech International Company Profile

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.