Tungray Technologies (NASDAQ:TRSG) Stock Price Down 6.3% – Time to Sell?

Tungray Technologies Inc. (NASDAQ:TRSG)’s share price dropped 6.3% during trading on Tuesday. The company traded as low as $1.10 and last traded at $1.1550. 1,292 shares traded hands during trading, a decline of 6% from the average session volume of 1,373 shares. The stock had previously closed at $1.2328.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Tungray Technologies in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.

Tungray Technologies Trading Down 6.3%

The firm’s 50 day moving average is $1.25 and its two-hundred day moving average is $1.30.

About Tungray Technologies

Tungray Technologies Limited is a Singapore-based provider of customized manufacturing solutions for industrial customers. The company designs and produces specialized equipment, machinery, and precision components used in manufacturing and production processes. Its offerings include industrial automation systems, semiconductor-related equipment, precision tooling, and other engineered products tailored to customer specifications. Tungray also provides related engineering, assembly, and technical support services intended to help customers improve production efficiency and manufacturing capabilities.