Tungray Technologies (NASDAQ:TRSG) Stock Price Down 0.4% – Here’s Why

Tungray Technologies Inc. (NASDAQ:TRSG)’s share price was down 0.4% during mid-day trading on Friday . The company traded as low as $1.08 and last traded at $1.18. Approximately 14,330 shares changed hands during trading, an increase of 62% from the average daily volume of 8,836 shares. The stock had previously closed at $1.1843.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Tungray Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Tungray Technologies Stock Down 0.4%

The firm has a 50-day moving average of $1.24 and a two-hundred day moving average of $1.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.97 and a current ratio of 2.26.

Tungray Technologies Company Profile

Tungray Technologies Inc, through its subsidiaries, provides tooling and customized industrial manufacturing solutions in China and Singapore. It offers customized industrial test and tooling solutions; welding equipment manufacturing; and direct drive and linear direct current motors. The company also designs, develops, and manufactures non- standard equipment, such as automated assembly equipment, precision testing equipment, tooling fixtures, etc., as well as induction brazing and hardening equipment, and tooling fixtures; researches, develops, and sells intelligent robots and storage equipment; and installs industrial machinery and equipment, and mechanical engineering works.