October 5th, 2006
SpeculatingStocks.com Stock Pick: Trio-Tech International, Inc. (TRT)
Price: $11.85 (long-term strong buy)
Trio-Tech International, Inc. provides third-party semiconductor testing and burn-in services primarily through its laboratories in Southeast Asia. The company also designs, manufactures and markets equipment and systems used in the testing and production of semiconductors, and distributes semiconductor processing and testing equipment manufactured by others.
TRT reported earnings on September 22nd with revenue increasing 61% to $9.5 million for the most recent quarter and net income of $705,000 or $0.22 per share versus $0.02 during the same period last year.
TRT is now at a new level with volume higher than ever before. An insider named Daniel Zeff has purchased $525,000 worth of TRT between $10.20 and $12.00.
There are only 2.26 million shares in the TRT float while the company is trading at a market cap of only $38.15 million.
SpeculatingStocks.com Target Price: We expect TRT to reach $20.00 within the next 3 - 6 months.
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