Tri-Tech Holdings, Inc. (TRIT) Misses Q3 Expectations

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Brean Capital Downgrades Tri-Tech Holding (TRIT) to Hold

November 15, 2012 6:50 AM EST

Brean Capital downgraded Tri-Tech Holding (NASDAQ: TRIT) from Buy to Hold following weak Q3 results.

The firm comments, "3Q12 results were well below expectations. Total revenue in the quarter of $18.4 million (a 24% decrease) was well below our $27.3 million estimate. Loss per share of... More