Tungray Technologies (NASDAQ:TRSG) Shares Down 7.1% – What’s Next?

Tungray Technologies Inc. (NASDAQ:TRSG)’s stock price dropped 7.1% during trading on Friday . The stock traded as low as $1.4187 and last traded at $1.3940. Approximately 1,517 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 10,459 shares. The stock had previously closed at $1.50.

Analyst Ratings Changes

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

Tungray Technologies Stock Down 7.1%

The business has a fifty day simple moving average of $1.47 and a 200-day simple moving average of $1.28. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.94 and a quick ratio of 1.59.

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

Institutional Inflows and Outflows

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

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.