Trio-Tech International (NYSE:TRT) Coverage Initiated by Analysts at StockNews.com
StockNews.com assumed coverage on shares of Trio-Tech International (NYSE:TRT – Get Free Report) in a research note issued on Sunday. The firm set a “buy” rating on the stock.
Trio-Tech International Stock Up 6.5 %
NYSE:TRT opened at $6.22 on Friday. The firm’s 50-day moving average price is $6.34 and its 200-day moving average price is $5.96. The company has a market capitalization of $26.44 million, a PE ratio of 27.04 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. Trio-Tech International has a 1-year low of $4.64 and a 1-year high of $8.62.
Trio-Tech International (NYSE:TRT – Get Free Report) last released its earnings results on Monday, May 13th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $10.40 million for the quarter. Trio-Tech International had a net margin of 2.33% and a return on equity of 3.15%.
Hedge Funds Weigh In On Trio-Tech International
An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC raised its stake in shares of Trio-Tech International (NYSE:TRT – Free Report) by 8.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 30,396 shares of the company’s stock after acquiring an additional 2,275 shares during the period. Empowered Funds LLC owned approximately 0.73% of Trio-Tech International worth $193,000 as of its most recent SEC filing. 16.03% of the stock is owned by 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.
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