Trio-Tech International (NYSEAMERICAN:TRT) Shares Pass Above 200-Day Moving Average of $0.00

Trio-Tech International (NYSEAMERICAN:TRTGet Rating)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $5.10. Trio-Tech International shares last traded at $5.09, with a volume of 3,353 shares traded.

Trio-Tech International Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 2.54 and a quick ratio of 2.30. The stock has a market capitalization of $21.20 million, a P/E ratio of 23.64 and a beta of 1.36.

Trio-Tech International (NYSEAMERICAN:TRTGet Rating) last posted its earnings results on Friday, September 23rd. The company reported $0.19 EPS for the quarter. Trio-Tech International had a return on equity of 3.54% and a net margin of 2.48%. The company had revenue of $11.83 million for the quarter.

Institutional Investors Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Acadian Asset Management LLC raised its holdings in Trio-Tech International (NYSEAMERICAN:TRTGet Rating) by 6.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,686 shares of the company’s stock after purchasing an additional 3,214 shares during the quarter. Acadian Asset Management LLC owned 1.38% of Trio-Tech International worth $393,000 as of its most recent SEC filing. 15.38% of the stock is owned by hedge funds and other institutional investors.

About Trio-Tech International

(Get Rating)

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's Testing Services segment offers stabilization bake, thermal shock, temperature cycling, mechanical shock, constant acceleration, gross and fine leak, electrical, static and dynamic burn-in, and vibration testing, as well as reliability lab and microprocessor equipment contract cleaning services.

Further Reading

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