Recent exceptional negative changes in investment behavior have affected Trio-Tech International (NYSEAMERICAN: TRT): the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.
Meaningful negative changes in Trio-Tech International (NYSEAMERICAN: TRT) fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, TRT is expected to continue to be Value Creation neutral.
Trio-Tech International has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Trio-Tech International has a slightly negative Power Rating of 39 and a slightly negative Appreciation Score of 34, and the Negative Value Trend Rating results.
Recent Price Action
Trio-Tech International (NYSEAMERICAN: TRT) stock closed at $6.00 on 5/14/24 after a decline of -4.8%. Moreover, trading volume in this decline was exceptionally high at 325% of normal. The stock has declined -4.0% during the last week and has been weak relative to the market over the last nine months.
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