Tungray Technologies (NASDAQ:TRSG) Shares Down 2.8% – Should You Sell?

Shares of Tungray Technologies Inc. (NASDAQ:TRSG) fell 2.8% on Wednesday . The company traded as low as $1.0201 and last traded at $1.05. 3,568 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 3,315 shares. The stock had previously closed at $1.0799.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tungray Technologies in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tungray Technologies currently has a consensus rating of “Sell”.

Tungray Technologies Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.97 and a current ratio of 2.26. The company has a 50-day moving average of $1.14 and a 200-day moving average of $1.29.

Institutional Trading of Tungray Technologies

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

About Tungray Technologies

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.