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

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

Trio-Tech International Stock Up 0.2 %

Shares of NYSE:TRT opened at $6.34 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.45 and a current ratio of 2.72. Trio-Tech International has a 52-week low of $4.19 and a 52-week high of $8.62. The company has a market capitalization of $26.44 million, a PE ratio of 30.19 and a beta of 0.96. The company has a fifty day moving average of $6.08 and a 200-day moving average of $5.80.

Trio-Tech International (NYSE:TRT) last issued its earnings results on Monday, February 12th. The company reported $0.12 earnings per share (EPS) 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 during the quarter.

Institutional Investors Weigh In On Trio-Tech International

Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new position in Trio-Tech International in the 4th quarter valued at approximately $54,000. Bridgeway Capital Management LLC increased its holdings in Trio-Tech International by 3.4% in the fourth quarter. Bridgeway Capital Management LLC now owns 76,721 shares of the company’s stock valued at $389,000 after purchasing an additional 2,496 shares during the period. Acadian Asset Management LLC raised 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Trio-Tech International by 16.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 106,988 shares of the company’s stock worth $542,000 after buying an additional 15,447 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of 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 buying an additional 3,310 shares during the last quarter. 16.03% of the stock is currently owned by institutional investors and hedge funds.

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.