Tungray Technologies (NASDAQ:TRSG) Stock Falls 11.7% – What’s Next?

Tungray Technologies Inc. (NASDAQ:TRSG)’s share price traded down 11.7% during trading on Monday. The company traded as low as $1.22 and last traded at $1.22. 1,137,605 shares traded hands during mid-day trading, an increase of 50,755% from the average session volume of 2,237 shares. The stock had previously closed at $1.3818.

Analysts Set New Price Targets

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

Tungray Technologies Trading Down 6.2%

The stock has a 50-day simple moving average of $1.43 and a 200 day simple moving average of $1.38. The company has a current ratio of 1.94, a quick ratio of 1.59 and a debt-to-equity ratio of 0.07.

Institutional Investors Weigh In On Tungray Technologies

A hedge fund recently bought a new position in Tungray Technologies stock. T3 Companies LLC bought a new stake in shares of Tungray Technologies Inc. (NASDAQ:TRSG) in the 4th quarter, according to its most recent 13F filing with the SEC. 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 at the end of the most recent quarter.

About Tungray Technologies

Tungray Technologies Limited is a Singapore-based industrial technology company that provides custom automation solutions and manufacturing services for customers in the semiconductor and electronics industries. The company develops equipment and systems intended to support production, assembly, testing and other manufacturing processes.

Its offerings include the design and manufacture of industrial automation equipment, as well as precision machining and related engineering services. Tungray also supplies components and customized production solutions designed to meet the operating requirements of individual customers.

Through its subsidiaries, the company serves customers in Asian manufacturing markets, including Singapore and China.