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

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

Analyst Upgrades and Downgrades

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

Tungray Technologies Stock Down 7.1%

The company has a quick ratio of 1.59, a current ratio of 1.94 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $1.47 and a 200 day simple moving average of $1.28.

Tungray Technologies (NASDAQ:TRSG) last released its quarterly earnings data 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 Inflows and Outflows

An institutional investor recently bought a new stake in Tungray Technologies stock. T3 Companies LLC bought a new position in shares of Tungray Technologies Inc. (NASDAQ:TRSG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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.

About Tungray Technologies

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.