StockNews.com started coverage on shares of Trio-Tech International (NYSE:TRT – Free Report) in a report published on Tuesday morning. The brokerage issued a buy rating on the stock.
Trio-Tech International Stock Performance
Shares of TRT stock opened at $5.76 on Tuesday. 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 has a one year low of $4.64 and a one year high of $8.62. The company’s 50-day simple moving average is $6.16 and its 200-day simple moving average is $6.03. The stock has a market capitalization of $24.48 million, a price-to-earnings ratio of 23.99 and a beta of 1.02.
Trio-Tech International (NYSE:TRT – Get Free Report) last issued its earnings results on Monday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter. Trio-Tech International had a net margin of 2.33% and a return on equity of 3.15%. The firm had revenue of $10.40 million for the quarter.
Hedge Funds Weigh In On Trio-Tech International
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.
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