Tungray Technologies (NASDAQ:TRSG) Shares Down 4.2% – Here’s What Happened

Shares of Tungray Technologies Inc. (NASDAQ:TRSG) traded down 4.2% during trading on Tuesday . The stock traded as low as $1.13 and last traded at $1.1310. 4,719 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 5,013 shares. The stock had previously closed at $1.18.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tungray Technologies in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Tungray Technologies Stock Down 4.2%

The company has a debt-to-equity ratio of 0.07, a current ratio of 2.26 and a quick ratio of 1.97. The business’s fifty day moving average is $1.15 and its 200-day moving average is $1.35.

Institutional Inflows and Outflows

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

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.