Trio-Tech International (NYSE:TRT) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a report released on Saturday. The firm set a “buy” rating on the stock.

Trio-Tech International Stock Up 5.4 %

Shares of TRT stock opened at $6.59 on Friday. The company has a market capitalization of $27.48 million, a price-to-earnings ratio of 31.38 and a beta of 0.95. Trio-Tech International has a 12-month low of $4.19 and a 12-month high of $8.62. The firm has a fifty day moving average of $5.42 and a 200-day moving average of $5.83. The company has a quick ratio of 2.45, a current ratio of 2.72 and a debt-to-equity ratio of 0.02.

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

Institutional Trading of Trio-Tech International

A number of institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in Trio-Tech International during the 4th quarter worth approximately $54,000. Bridgeway Capital Management LLC increased its position in Trio-Tech International by 3.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 76,721 shares of the company’s stock worth $389,000 after purchasing an additional 2,496 shares in the last quarter. Acadian Asset Management LLC increased its position in Trio-Tech International by 6.2% during the 1st quarter. Acadian Asset Management LLC now owns 54,686 shares of the company’s stock worth $393,000 after purchasing an additional 3,214 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Trio-Tech International by 16.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 106,988 shares of the company’s stock valued at $542,000 after acquiring an additional 15,447 shares during the period. Finally, Vanguard Group Inc. increased its position in Trio-Tech International by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 144,737 shares of the company’s stock valued at $1,013,000 after acquiring an additional 3,310 shares during the period. Institutional investors own 15.92% of the company’s stock.

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.