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

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

Trio-Tech International Stock Down 0.1 %

NYSE:TRT opened at $6.01 on Monday. The stock has a 50-day simple moving average of $6.28 and a 200 day simple moving average of $6.01. Trio-Tech International has a one year low of $4.64 and a one year high of $8.62. The company has a market capitalization of $25.54 million, a price-to-earnings ratio of 26.13 and a beta of 1.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.01 and a current ratio of 3.29.

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

Institutional Investors Weigh In On Trio-Tech International

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC lifted its stake in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,396 shares of the company’s stock after purchasing an additional 2,275 shares during the quarter. Empowered Funds LLC owned about 0.73% of Trio-Tech International worth $193,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 16.03% of the company’s stock.

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.