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

StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT) in a research report issued on Wednesday. The firm set a “buy” rating on the stock.

Trio-Tech International Price Performance

TRT stock opened at $6.36 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.72 and a quick ratio of 2.45. The business has a 50 day simple moving average of $6.00 and a 200-day simple moving average of $5.79. The firm has a market capitalization of $26.52 million, a PE ratio of 30.29 and a beta of 0.96. Trio-Tech International has a 1 year low of $4.19 and a 1 year high of $8.62.

Trio-Tech International (NYSE:TRT) last issued its quarterly earnings data 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 company had revenue of $12.20 million during the quarter.

Hedge Funds Weigh In On Trio-Tech International

Several hedge funds have recently made changes to their positions in TRT. Citadel Advisors LLC purchased a new position in shares of Trio-Tech International during the fourth quarter worth about $54,000. Bridgeway Capital Management LLC grew its holdings in shares of Trio-Tech International by 3.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 76,721 shares of the company’s stock worth $389,000 after buying an additional 2,496 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Trio-Tech International by 6.2% during the first quarter. Acadian Asset Management LLC now owns 54,686 shares of the company’s stock worth $393,000 after buying an additional 3,214 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Trio-Tech International by 16.9% during the fourth 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 last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Trio-Tech International by 2.3% during the third quarter. Vanguard Group Inc. now owns 144,737 shares of the company’s stock worth $1,013,000 after buying an additional 3,310 shares during the last quarter. Hedge funds and other institutional investors own 16.03% 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.