Erayak Power Solution Group (NASDAQ:RAYA) Shares Down 1.4% – What’s Next?

Erayak Power Solution Group Inc. (NASDAQ:RAYAGet Free Report) shares dropped 1.4% during trading on Monday . The stock traded as low as $1.95 and last traded at $2.08. Approximately 127,812 shares traded hands during mid-day trading, an increase of 332% from the average daily volume of 29,584 shares. The stock had previously closed at $2.11.

Erayak Power Solution Group Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 2.10 and a quick ratio of 1.41. The stock has a 50 day simple moving average of $1.58 and a 200 day simple moving average of $1.38.

Erayak Power Solution Group Company Profile

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Erayak Power Solution Group Inc, through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products.

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