Trio-Tech International (TRT)
Market Price (4/23/2026): $9.68 | Market Cap: $84.2 MilSector: Industrials | Industry: Industrial Machinery & Supplies & Components
Trio-Tech International (TRT)
Market Price (4/23/2026): $9.68Market Cap: $84.2 MilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -18% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28% Megatrend and thematic driversMegatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and 5G & Advanced Connectivity. Themes include AI Chips, Show more. | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 271x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 61x Stock price has recently run up significantly6M Rtn6 month market price return is 133%, 12M Rtn12 month market price return is 237% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.2% High stock price volatilityVol 12M is 130% Key risksTRT key risks include [1] its reliance on a declining Chinese market impacting its semiconductor business and [2] a profitability squeeze from its strategic pivot to lower-margin AI chip testing. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -18% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 28% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and 5G & Advanced Connectivity. Themes include AI Chips, Show more. |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 271x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 61x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 133%, 12M Rtn12 month market price return is 237% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.2% |
| High stock price volatilityVol 12M is 130% |
| Key risksTRT key risks include [1] its reliance on a declining Chinese market impacting its semiconductor business and [2] a profitability squeeze from its strategic pivot to lower-margin AI chip testing. |
Qualitative Assessment
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Trio-Tech International (TRT) stock has lost about 40% since 12/31/2025 because of the following key factors:
1. 2-for-1 Forward Stock Split Immediately Halved Share Price: Trio-Tech International executed a 2-for-1 forward stock split on January 5, 2026, which directly resulted in an approximately 50% reduction in the per-share trading price from its pre-split levels. While this action increased the number of outstanding shares and aimed to improve liquidity, it immediately lowered the stock's quoted price per share, contributing significantly to the observed trend of losing about 50% since December 31, 2025.
2. Deteriorating Profitability Despite Revenue Growth: Despite reporting substantial revenue growth of 82% year-over-year to $15.6 million in Q2 FY2026 (for the quarter ended December 31, 2025), Trio-Tech experienced a significant decline in its gross margin, falling from 26% to 16%. Additionally, net income remained low at $0.13 million, or $0.01 per diluted share, indicating that increased sales were not efficiently translating into proportional bottom-line gains. This "profitability gap" raised investor concerns about operational efficiency and the sustainability of earnings, exerting downward pressure on the stock.
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1. 2-for-1 Forward Stock Split Immediately Halved Share Price: Trio-Tech International executed a 2-for-1 forward stock split on January 5, 2026, which directly resulted in an approximately 50% reduction in the per-share trading price from its pre-split levels. While this action increased the number of outstanding shares and aimed to improve liquidity, it immediately lowered the stock's quoted price per share, contributing significantly to the observed trend of losing about 50% since December 31, 2025.
2. Deteriorating Profitability Despite Revenue Growth: Despite reporting substantial revenue growth of 82% year-over-year to $15.6 million in Q2 FY2026 (for the quarter ended December 31, 2025), Trio-Tech experienced a significant decline in its gross margin, falling from 26% to 16%. Additionally, net income remained low at $0.13 million, or $0.01 per diluted share, indicating that increased sales were not efficiently translating into proportional bottom-line gains. This "profitability gap" raised investor concerns about operational efficiency and the sustainability of earnings, exerting downward pressure on the stock.
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Stock Movement Drivers
Fundamental Drivers
The -37.6% change in TRT stock from 12/31/2025 to 4/22/2026 was primarily driven by a -46.1% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.24 | 8.26 | -37.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 42 | 49 | 16.7% |
| P/S Multiple | 2.7 | 1.5 | -46.1% |
| Shares Outstanding (Mil) | 9 | 9 | -0.8% |
| Cumulative Contribution | -37.6% |
Market Drivers
12/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| TRT | -37.6% | |
| Market (SPY) | -5.4% | -2.9% |
| Sector (XLI) | 10.3% | -10.2% |
Fundamental Drivers
The 178.6% change in TRT stock from 9/30/2025 to 4/22/2026 was primarily driven by a 108.3% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.96 | 8.26 | 178.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 36 | 49 | 34.9% |
| P/S Multiple | 0.7 | 1.5 | 108.3% |
| Shares Outstanding (Mil) | 9 | 9 | -0.9% |
| Cumulative Contribution | 178.6% |
Market Drivers
9/30/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| TRT | 178.6% | |
| Market (SPY) | -2.9% | -1.6% |
| Sector (XLI) | 11.3% | -4.6% |
Fundamental Drivers
The 175.8% change in TRT stock from 3/31/2025 to 4/22/2026 was primarily driven by a 121.1% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.00 | 8.26 | 175.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 39 | 49 | 27.6% |
| P/S Multiple | 0.7 | 1.5 | 121.1% |
| Shares Outstanding (Mil) | 9 | 9 | -2.3% |
| Cumulative Contribution | 175.8% |
Market Drivers
3/31/2025 to 4/22/2026| Return | Correlation | |
|---|---|---|
| TRT | 175.8% | |
| Market (SPY) | 16.3% | 0.3% |
| Sector (XLI) | 31.9% | -0.8% |
Fundamental Drivers
The 251.5% change in TRT stock from 3/31/2023 to 4/22/2026 was primarily driven by a 260.6% change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 4222026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.35 | 8.26 | 251.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 47 | 49 | 4.1% |
| P/S Multiple | 0.4 | 1.5 | 260.6% |
| Shares Outstanding (Mil) | 8 | 9 | -6.3% |
| Cumulative Contribution | 251.5% |
Market Drivers
3/31/2023 to 4/22/2026| Return | Correlation | |
|---|---|---|
| TRT | 251.5% | |
| Market (SPY) | 63.3% | 4.5% |
| Sector (XLI) | 76.3% | 3.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TRT Return | 239% | -66% | 13% | 15% | 356% | -47% | 256% |
| Peers Return | 38% | -32% | 21% | 3% | 40% | 93% | 211% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 3% | 88% |
Monthly Win Rates [3] | |||||||
| TRT Win Rate | 58% | 50% | 58% | 50% | 67% | 50% | |
| Peers Win Rate | 55% | 38% | 58% | 48% | 55% | 75% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TRT Max Drawdown | -0% | -70% | -5% | -2% | -17% | -66% | |
| Peers Max Drawdown | -12% | -44% | -14% | -21% | -44% | -3% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: COHU, FORM, ASYS, KLIC, TER.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)
How Low Can It Go
| Event | TRT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -69.8% | -25.4% |
| % Gain to Breakeven | 230.8% | 34.1% |
| Time to Breakeven | 1,192 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -52.9% | -33.9% |
| % Gain to Breakeven | 112.4% | 51.3% |
| Time to Breakeven | 321 days | 148 days |
| 2018 Correction | ||
| % Loss | -70.6% | -19.8% |
| % Gain to Breakeven | 240.7% | 24.7% |
| Time to Breakeven | 1,051 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -95.1% | -56.8% |
| % Gain to Breakeven | 1943.0% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to COHU, FORM, ASYS, KLIC, TER
In The Past
Trio-Tech International's stock fell -69.8% during the 2022 Inflation Shock from a high on 12/31/2021. A -69.8% loss requires a 230.8% gain to breakeven.
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About Trio-Tech International (TRT)
Trio-Tech International, together with its subsidiaries, provides manufacturing, testing, and distribution services to the semiconductor industry. The company's Testing Services segment offers stabilization bake, thermal shock, temperature cycling, mechanical shock, constant acceleration, gross and fine leak, electrical, static and dynamic burn-in, and vibration testing, as well as reliability lab and microprocessor equipment contract cleaning services. This segment also provides qualification testing services that test small samples of output from manufacturers for qualification of their processes and devices. Its Manufacturing segment manufactures front-end semiconductor test equipment, such as artic temperature-controlled wafer chucks used for test, characterization, and failure analysis of semiconductor wafers and other components; and wet process stations for cleaning, rinsing, and drying semiconductor wafers, flat panel display magnetic disks, and other microelectronic substrates. This segment also manufactures back-end products comprising autoclaves and highly accelerated stress test equipment; burn-in equipment and boards; and component centrifuges and leak detection equipment. The company's Distribution segment distributes complementary products, including environmental chambers, handlers, interface systems, vibration systems, shaker systems, solderability testers, and other semiconductor equipment, as well as components, such as connectors, sockets, LCD display panels, and touch-screen panels. Its Real Estate segment invests in and rents real estate properties. The company primarily serves semiconductor chip manufacturers or testing facilities that purchase testing equipment. The company operates in the United States, Singapore, Malaysia, Thailand, and China. Trio-Tech International was incorporated in 1958 and is headquartered in Van Nuys, California.
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Applied Materials for semiconductor testing and quality assurance.
KLA Corporation for semiconductor reliability testing and equipment.
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- Semiconductor Testing Services: Provides a range of testing services for semiconductor devices, including environmental, mechanical, electrical, and reliability qualification tests.
- Semiconductor Manufacturing Equipment: Manufactures specialized front-end equipment like artic temperature-controlled wafer chucks and wet process stations, and back-end equipment such as burn-in systems and centrifuges.
- Semiconductor Equipment and Component Distribution: Distributes complementary semiconductor equipment, including environmental chambers and handlers, as well as electronic components like connectors and LCD display panels.
- Real Estate Investment and Rental: Engages in investing in and renting out real estate properties.
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Trio-Tech International (TRT) primarily sells to other companies, not individuals. Based on the provided background information, the company's major customers are:
- Semiconductor chip manufacturers
- Testing facilities that purchase testing equipment
The provided company description does not list specific names of customer companies.
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Siew Wai Yong, President, Chief Executive Officer, and Chairman of the Board
Mr. Yong joined Trio-Tech International Pte Ltd in Singapore in 1976 and was appointed as its Managing Director in August 1980. He has served as a director, Chief Executive Officer, and President of the Company since September 1990. In September 2023, he was elected Chairman of the Board. Mr. Yong holds a Master's Degree in Business Administration, a Graduate Diploma in Marketing Management, and a Diploma in Industrial Management. He is responsible for the company's strategic vision, overall direction, and operational success, and his leadership is characterized by deep industry knowledge, a commitment to innovation, and a dedication to client satisfaction.
Anitha Srinivasan, Chief Financial Officer
Ms. Srinivasan was appointed Chief Financial Officer of Trio-Tech International, effective July 1, 2022, succeeding Victor Ting Hock Ming. She is a Chartered Accountant and a Certified Internal Auditor, with over twenty years of diversified experience in audit, finance, and corporate consulting. Prior to her appointment as CFO, Ms. Srinivasan served as a consultant to the Company for more than five years and was the Internal Audit Team Leader. In her role, she oversees all financial operations, including financial planning, risk management, record-keeping, and financial reporting.
Hwee Poh Lim, Senior Corporate Vice President & Chief Operating Officer of the Testing Group
Mr. Lim is responsible for the strategic direction and operational execution of Trio-Tech's extensive testing services. He oversees the day-to-day management of the testing divisions, ensuring efficiency, quality, and the delivery of cutting-edge solutions to clients. His extensive experience in the field of testing and operations has been instrumental in driving innovation and optimizing processes within his divisions.
Soon Lee Siew Kuan, Vice-President
Ms. Kuan is a Vice-President at Trio-Tech International, contributing her expertise to the company's strategic leadership and operational management. Her contributions are vital to the execution of various initiatives and the oversight of different departments. She is dedicated to fostering growth and innovation, ensuring Trio-Tech remains at the forefront of its industry.
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The key risks to Trio-Tech International (TRT) are primarily driven by its deep integration within the semiconductor industry, its global operational footprint, and the competitive landscape it navigates.- Cyclicality and Rapid Technological Change in the Semiconductor Industry: Trio-Tech International's core business of providing manufacturing, testing, and distribution services is highly sensitive to the inherent cyclicality of the global semiconductor industry. This industry experiences periods of intense growth followed by downturns, which directly impact demand for TRT's equipment and services, as evidenced by revenue declines in fiscal year 2025. Furthermore, the semiconductor sector is characterized by rapid technological advancements, requiring continuous innovation and significant investment in research and development to prevent the obsolescence of Trio-Tech's products and services. If the company cannot keep pace with these changes, it risks falling behind in key technology areas like advanced packaging and high-performance computing (HPC) testing, potentially forcing it to compete primarily on price for legacy or lower-margin services.
- Geopolitical Tensions and International Trade Policies: Operating in key semiconductor regions including the United States, Singapore, Malaysia, Thailand, and China, Trio-Tech International is highly exposed to geopolitical risks and evolving international trade policies. US-China trade tensions, in particular, are identified as an immediate and unpredictable threat, directly impacting semiconductor supply chains and demand in China. Changes in trade policies, tariffs, export controls (such as the US Foreign Direct Product rules), and other regulatory factors can disrupt manufacturing operations, supply chains, and access to crucial markets and customers, as seen with declining demand in China contributing to revenue drops for TRT.
- Intense Competition: The markets for semiconductor testing services, manufacturing equipment, and distribution are intensely competitive. Trio-Tech International faces ongoing pressure from various competitors, which could lead to pricing pressures, reduced profit margins, and a potential loss of market share. Its relatively small size may limit its ability to compete effectively on capital spending, potentially hindering investments needed for advanced technology development and market leadership.
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Trio-Tech International (TRT) operates in several segments of the semiconductor industry, with addressable markets encompassing semiconductor testing services, various types of semiconductor test equipment, and environmental test chambers.
Testing Services Segment
- The global Semiconductor Testing Services market was valued at approximately USD 10.90 billion in 2025 and is projected to reach USD 21.97 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 9.16% from 2026 to 2033.
- Within this, the testing segment of the global outsourced semiconductor assembly and testing (OSAT) market accounted for USD 5.8 billion in 2024 and is growing at a CAGR of 7.5%.
- The U.S. Semiconductor Testing Services market was valued at USD 2.84 billion in 2025 and is projected to reach USD 5.22 billion by 2033, with a CAGR of 7.89% from 2026 to 2033.
Manufacturing Segment (Semiconductor Test Equipment)
- The overall global semiconductor test equipment market was valued at USD 7.65 billion in 2025 and is projected to grow to USD 14.38 billion by 2034, exhibiting a CAGR of 7.35%.
- The global Semiconductor Burn-In Equipment Market is estimated at USD 1.2 billion in 2025 and is projected to reach USD 2.2 billion by 2033, with a CAGR of 7.5%.
- The global semiconductor wafer used electrostatic chucks (ESC) market size was estimated at USD 1.25 billion in 2023, with projections to reach approximately USD 2.1 billion by 2032, at a CAGR of 6.0%.
- The global semiconductor wet process equipment market was valued at approximately USD 6 billion in 2023 and is projected to reach USD 10 billion by 2032, growing at a CAGR of around 5.5%. Asia Pacific is the predominant market for this equipment.
- The global Semiconductor Test Handler Market size was valued at USD 2.25 billion in 2025 and is projected to reach USD 7.48 billion by 2035, exhibiting a CAGR of 12.4% during the forecast period. Asia Pacific is anticipated to dominate this market, with a projected market size of USD 1.1 billion by 2032.
Distribution Segment (Environmental Chambers)
- The global environmental test chambers market size accounted for USD 1.15 billion in 2024 and is predicted to increase to approximately USD 1.57 billion by 2034, expanding at a CAGR of 3.15% from 2025 to 2034.
- Asia Pacific dominated the Environmental Test Chamber market, accounting for 44% of the revenue share in 2025.
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Trio-Tech International (TRT) expects future revenue growth over the next 2-3 years to be driven by several strategic initiatives: * **Capturing additional market share in primary markets** The company aims to increase its revenue by offering superior products and services to its major customers, thereby expanding its presence within its existing key markets. * **Expanding geographic reach into growing markets** Trio-Tech International plans to grow by extending its operations into regions of the world that demonstrate significant growth potential in the semiconductor industry and other relevant sectors. * **Developing new products and technologies for new markets** A key driver involves innovating and introducing new products and technologies designed to serve entirely new markets, diversifying the company's revenue streams beyond its traditional offerings. * **Forming complementary strategic relationships** The company intends to pursue growth through strategic relationships, including potential acquisitions, investments, and joint development projects with key partners and other businesses. This strategy aims to expand its markets and strengthen its competitive position. * **Reducing concentration on the semiconductor industry and expanding into new business segments** To mitigate risks associated with a sole industry focus, Trio-Tech International is actively working to diversify its lines of business. This includes a strategic shift, starting in fiscal year 2025, to organize its operating businesses based on markets served, introducing a "Semiconductor Back-end Solutions" segment and an "Industrial Electronics" segment.AI Analysis | Feedback
Share Repurchases
- Trio-Tech International authorized a share repurchase program on May 13, 2025, to buy back up to $1.0 million of its common stock over a two-year period.
- As of December 31, 2025, the company had not repurchased any shares under this program.
Share Issuance
- Trio-Tech International implemented a two-for-one forward stock split of its common shares, with trading on a split-adjusted basis beginning January 5, 2026.
- Common shares issued and outstanding increased from 4,250,305 as of June 30, 2024, to 4,312,805 as of June 30, 2025.
Outbound Investments
- On December 3, 2025, Trio-Tech International completed the acquisition of the remaining 50% equity interest in Trio-Tech Malaysia Sdn. Bhd., making it a wholly-owned subsidiary.
- The acquisition price for the remaining 50% equity interest in Trio-Tech Malaysia Sdn. Bhd. was RM14,200 (approximately $3,357) as of June 30, 2025.
Capital Expenditures
- For the trailing twelve months (prior to early 2026), Trio-Tech International reported capital expenditures of approximately $1.05 million.
- The company plans to make investments to deploy its proprietary burn-in systems for high-reliability automotive applications, supported by an initial $2.5 million production order for burn-in services ramping up throughout 2026.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Trio-Tech International Earnings Notes | 12/16/2025 | |
| Is Trio-Tech International Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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| 03312026 | NSP | Insperity | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
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| 03272026 | TRU | TransUnion | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.2% | 5.2% | 0.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 65.00 |
| Mkt Cap | 3.3 |
| Rev LTM | 570 |
| Op Inc LTM | -2 |
| FCF LTM | 11 |
| FCF 3Y Avg | 31 |
| CFO LTM | 59 |
| CFO 3Y Avg | 60 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.8% |
| Rev Chg 3Y Avg | -3.6% |
| Rev Chg Q | 25.0% |
| QoQ Delta Rev Chg LTM | 5.9% |
| Op Inc Chg LTM | 20.7% |
| Op Inc Chg 3Y Avg | -63.9% |
| Op Mgn LTM | -1.5% |
| Op Mgn 3Y Avg | 0.4% |
| QoQ Delta Op Mgn LTM | 1.7% |
| CFO/Rev LTM | 12.4% |
| CFO/Rev 3Y Avg | 9.2% |
| FCF/Rev LTM | 6.6% |
| FCF/Rev 3Y Avg | 4.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 3.3 |
| P/S | 5.6 |
| P/Op Inc | 26.1 |
| P/EBIT | 41.1 |
| P/E | -18.3 |
| P/CFO | 63.4 |
| Total Yield | -0.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 1.9% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 42.2% |
| 3M Rtn | 47.1% |
| 6M Rtn | 137.8% |
| 12M Rtn | 334.8% |
| 3Y Rtn | 186.8% |
| 1M Excs Rtn | 33.8% |
| 3M Excs Rtn | 43.3% |
| 6M Excs Rtn | 119.3% |
| 12M Excs Rtn | 296.5% |
| 3Y Excs Rtn | 107.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 |
|---|---|---|
| Testing Services | 15 | |
| Manufacturing | 15 | 13 |
| Distribution | 5 | 3 |
| Real Estate | 0 | 0 |
| Testing services | 18 | |
| Total | 34 | 34 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Testing Services | 1 | |
| Manufacturing | 0 | -0 |
| Distribution | 0 | 0 |
| Corporate/Others & Unallocated | 0 | |
| Real Estate | -0 | -0 |
| Corporate and unallocated | -0 | |
| Testing services | 2 | |
| Total | 1 | 1 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Testing Services | 20 | |
| Manufacturing | 8 | 6 |
| Real Estate | 3 | 4 |
| Distribution | 1 | 1 |
| Corporate/Others & Unallocated | 0 | |
| Fabrication Services | 0 | |
| Corporate and unallocated | 0 | |
| Fabrication service | 0 | |
| Testing services | 22 | |
| Total | 32 | 32 |
Price Behavior
Price Behavior
| Market Price | $8.26 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 04/24/1995 | |
| Distance from 52W High | -40.7% | |
| 50 Days | 200 Days | |
| DMA Price | $5.87 | $4.49 |
| DMA Trend | up | down |
| Distance from DMA | 40.6% | 84.0% |
| 3M | 1YR | |
| Volatility | 83.4% | 130.9% |
| Downside Capture | -0.29 | -1.12 |
| Upside Capture | 54.22 | -12.34 |
| Correlation (SPY) | 16.7% | -1.8% |
TRT Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.08 | 1.39 | -0.27 | -0.22 | 0.02 | 0.26 |
| Up Beta | -0.11 | 0.85 | 1.54 | 1.34 | -0.03 | 0.30 |
| Down Beta | 2.16 | 1.83 | 0.56 | 2.05 | 0.97 | 0.84 |
| Up Capture | 620% | 180% | -293% | -32% | -8% | 4% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 17 | 23 | 65 | 121 | 358 |
| Down Capture | 22% | 90% | 69% | -458% | -238% | -90% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 11 | 24 | 39 | 59 | 120 | 356 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRT | |
|---|---|---|---|---|
| TRT | 200.5% | 131.2% | 1.39 | - |
| Sector ETF (XLI) | 41.3% | 15.2% | 2.06 | -2.8% |
| Equity (SPY) | 26.7% | 12.5% | 1.77 | -2.2% |
| Gold (GLD) | 38.9% | 27.4% | 1.19 | -6.7% |
| Commodities (DBC) | 23.5% | 16.2% | 1.32 | -12.0% |
| Real Estate (VNQ) | 15.6% | 13.6% | 0.82 | 0.3% |
| Bitcoin (BTCUSD) | -12.8% | 42.6% | -0.21 | -1.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRT | |
|---|---|---|---|---|
| TRT | 27.9% | 82.3% | 0.64 | - |
| Sector ETF (XLI) | 12.8% | 17.3% | 0.58 | 10.2% |
| Equity (SPY) | 10.5% | 17.1% | 0.48 | 13.9% |
| Gold (GLD) | 21.5% | 17.8% | 0.99 | -0.8% |
| Commodities (DBC) | 10.7% | 18.8% | 0.47 | -0.6% |
| Real Estate (VNQ) | 3.6% | 18.8% | 0.09 | 12.6% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 6.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRT | |
|---|---|---|---|---|
| TRT | 16.4% | 69.0% | 0.50 | - |
| Sector ETF (XLI) | 13.8% | 19.9% | 0.61 | 11.6% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 14.4% |
| Gold (GLD) | 13.9% | 15.9% | 0.73 | 1.2% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 5.3% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 12.2% |
| Bitcoin (BTCUSD) | 68.1% | 66.9% | 1.07 | 6.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/13/2026 | 2.1% | -18.6% | 1.8% |
| 9/19/2025 | 0.5% | 3.1% | 30.6% |
| 5/13/2025 | -6.2% | -4.5% | 1.3% |
| 2/13/2025 | -1.1% | -5.3% | -0.9% |
| 9/23/2024 | 1.0% | 4.7% | 29.6% |
| 5/14/2024 | -4.8% | 4.8% | -1.1% |
| 2/12/2024 | 13.0% | 14.5% | 15.1% |
| 9/27/2023 | -23.3% | -10.4% | -16.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 9 | 13 |
| # Negative | 10 | 9 | 5 |
| Median Positive | 1.6% | 4.7% | 11.2% |
| Median Negative | -4.1% | -5.0% | -3.4% |
| Max Positive | 22.1% | 14.5% | 30.6% |
| Max Negative | -23.3% | -18.6% | -16.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/13/2026 | 10-Q |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 09/19/2025 | 10-K |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-Q |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 09/23/2024 | 10-K |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 02/12/2024 | 10-Q |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 09/27/2023 | 10-K |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 02/10/2023 | 10-Q |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 09/23/2022 | 10-K |
| 03/31/2022 | 05/16/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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