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

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

Trio-Tech International Stock Down 0.1 %

TRT stock opened at $6.01 on Monday. The firm’s fifty day moving average is $6.28 and its 200 day moving average is $6.01. The firm has a market cap of $25.54 million, a PE ratio of 26.13 and a beta of 1.02. Trio-Tech International has a one year low of $4.64 and a one year high of $8.62. 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 posted its earnings results on Monday, May 13th. The company reported $0.02 EPS for the quarter. The firm had revenue of $10.40 million for the quarter. Trio-Tech International had a return on equity of 3.15% and a net margin of 2.33%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC increased its holdings in shares of Trio-Tech International (NYSE:TRT) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,396 shares of the company’s stock after acquiring an additional 2,275 shares during the quarter. Empowered Funds LLC owned about 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 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.