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

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

Trio-Tech International Stock Performance

TRT stock opened at $6.25 on Friday. The company has a quick ratio of 2.45, a current ratio of 2.72 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $6.24 and its two-hundred day simple moving average is $5.70. Trio-Tech International has a twelve month low of $4.20 and a twelve month high of $8.62. The firm has a market cap of $26.06 million, a price-to-earnings ratio of 29.76 and a beta of 0.97.

Trio-Tech International (NYSE:TRT) last released its earnings results on Monday, February 12th. The company reported $0.12 earnings per share for the quarter. Trio-Tech International had a return on equity of 2.91% and a net margin of 2.17%. The business had revenue of $12.20 million for the quarter.

Hedge Funds Weigh In On Trio-Tech International

A hedge fund recently raised its stake in Trio-Tech International stock. Empowered Funds LLC boosted its stake in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 (SEC). 16.03% of the stock is currently owned by hedge funds and other institutional investors.

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.