Tungray Technologies (NASDAQ:TRSG) Shares Up 5.5% – Still a Buy?

Tungray Technologies Inc. (NASDAQ:TRSG) rose 5.5% during mid-day trading on Friday . The stock traded as high as $1.4559 and last traded at $1.4559. 2,445 shares were traded 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.

Analyst Upgrades and Downgrades

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

Tungray Technologies Price Performance

The stock has a 50 day simple moving average of $1.50 and a two-hundred day simple moving average of $1.31. The company has a quick ratio of 1.59, a current ratio of 1.94 and a debt-to-equity ratio of 0.07.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tungray Technologies stock. T3 Companies LLC bought a new stake in Tungray Technologies Inc. (NASDAQ:TRSG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 499,122 shares of the company’s stock, valued at approximately $557,000. T3 Companies LLC owned about 3.05% of Tungray Technologies as of its most recent filing with the Securities & Exchange Commission.

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.