Tungray Technologies (NASDAQ:TRSG) Stock Price Up 5.5% – Here’s Why

Tungray Technologies Inc. (NASDAQ:TRSGGet Free Report)’s stock price was up 5.5% on Friday . The stock traded as high as $1.4559 and last traded at $1.4559. Approximately 2,445 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 3,544 shares. The stock had previously closed at $1.38.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Tungray Technologies in a report on Friday, July 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Get Our Latest Stock Report on TRSG

Tungray Technologies Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.94 and a quick ratio of 1.59. The firm has a 50-day moving average price of $1.50 and a 200-day moving average price of $1.31.

Tungray Technologies (NASDAQ:TRSGGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $4.09 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Tungray Technologies stock. T3 Companies LLC acquired a new position in shares of Tungray Technologies Inc. (NASDAQ:TRSGFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 at the end of the most recent reporting period.

About Tungray Technologies

(Get Free Report)

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.

Further Reading

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