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

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tungray Technologies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tungray Technologies presently has a consensus rating of “Sell”.

Tungray Technologies Trading Down 0.4%

The stock has a 50 day moving average price of $1.24 and a 200-day moving average price of $1.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.26 and a quick ratio of 1.97.

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.