Tungray Technologies (NASDAQ:TRSG) Shares Down 3.2% – Time to Sell?

Shares of Tungray Technologies Inc. (NASDAQ:TRSG) dropped 3.2% on Wednesday . The company traded as low as $1.24 and last traded at $1.2580. Approximately 1,756 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 5,892 shares. The stock had previously closed at $1.30.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Tungray Technologies from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Tungray Technologies Stock Performance

The company has a current ratio of 1.94, a quick ratio of 1.59 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of $1.23 and a 200 day moving average price of $1.20.

Tungray Technologies (NASDAQ:TRSG) last posted its quarterly earnings results on Thursday, April 23rd. The company reported ($0.02) EPS for the quarter. The firm had revenue of $4.09 million during the quarter.

Institutional Trading of Tungray Technologies

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

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.