Tungray Technologies (NASDAQ:TRSG) Trading Down 2.8% – Here’s Why

Tungray Technologies Inc. (NASDAQ:TRSG) fell 2.8% on Thursday . The company traded as low as $1.40 and last traded at $1.40. 6,772 shares were traded during mid-day trading, a decline of 96% from the average session volume of 179,472 shares. The stock had previously closed at $1.44.

Tungray Technologies Price Performance

The company has a quick ratio of 1.66, a current ratio of 1.86 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $1.66 and a two-hundred day moving average price of $1.68.

Tungray Technologies Company Profile

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.