Tungray Technologies (NASDAQ:TRSG) Stock Price Down 3.4% – Time to Sell?

Tungray Technologies Inc. (NASDAQ:TRSG)’s stock price traded down 3.4% during mid-day trading on Friday . The company traded as low as $1.21 and last traded at $1.2360. 21,142 shares changed hands during trading, an increase of 469% from the average session volume of 3,717 shares. The stock had previously closed at $1.28.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Tungray Technologies from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, April 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tungray Technologies presently has an average rating of “Sell”.

Tungray Technologies Stock Down 3.4%

The firm has a 50-day moving average of $1.18 and a 200 day moving average of $1.22. The company has a current ratio of 1.94, a quick ratio of 1.59 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tungray Technologies stock. T3 Companies LLC purchased a new stake in shares of Tungray Technologies Inc. (NASDAQ:TRSG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 499,122 shares of the company’s stock, valued at approximately $557,000. T3 Companies LLC owned about 3.05% of Tungray Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

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.