Trio-Tech International (NYSE:TRT) Earns Buy Rating from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRTGet Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the stock.

Trio-Tech International Trading Up 11.6 %

NYSE TRT opened at $5.68 on Tuesday. Trio-Tech International has a 12 month low of $4.19 and a 12 month high of $8.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.60 and a quick ratio of 2.27. The company has a market capitalization of $23.29 million, a price-to-earnings ratio of 27.05 and a beta of 0.93. The company’s fifty day moving average price is $4.99 and its two-hundred day moving average price is $5.91.

Trio-Tech International (NYSE:TRTGet Free Report) last issued its earnings results on Monday, November 13th. The company reported $0.05 earnings per share for the quarter. Trio-Tech International had a net margin of 2.16% and a return on equity of 2.98%. The company had revenue of $9.97 million for the quarter.

Institutional Trading of Trio-Tech International

A number of large investors have recently modified their holdings of the company. Acadian Asset Management LLC boosted its position in shares of Trio-Tech International by 6.2% during the 1st quarter. Acadian Asset Management LLC now owns 54,686 shares of the company’s stock valued at $393,000 after purchasing an additional 3,214 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Trio-Tech International by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 144,737 shares of the company’s stock valued at $1,013,000 after purchasing an additional 3,310 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Trio-Tech International by 16.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 106,988 shares of the company’s stock valued at $542,000 after purchasing an additional 15,447 shares in the last quarter. Finally, EA Series Trust bought a new position in shares of Trio-Tech International during the 2nd quarter valued at about $113,000. Institutional investors and hedge funds own 15.92% of the company’s stock.

Trio-Tech International Company Profile

(Get Free Report)

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.

Further Reading

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