Trio-Tech International is an AMEX listed security that has been trading in a range between $5.86 and $24.00 over the past year. With 3,227,990 shares outstanding, a recent price of $22.78 gives a total market capitalization of $73,985,531. While there are certainly larger companies, Trio-Tech International has definitely earned its place in the pack. Last year, Trio-Tech International created $1.03 in earnings for every share outstanding.
Trio-Tech International is currently priced by the market at 22.20 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, Trio-Tech International could be an interesting value proposition.
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