Tungray Technologies (NASDAQ:TRSG) Stock Price Down 3.3% – Time to Sell?

Tungray Technologies Inc. (NASDAQ:TRSG)’s share price traded down 3.3% on Monday . The stock traded as low as $1.14 and last traded at $1.16. 2,737 shares changed hands during trading, a decline of 51% from the average session volume of 5,639 shares. The stock had previously closed at $1.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tungray Technologies in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Tungray Technologies Price Performance

The company has a current ratio of 2.26, a quick ratio of 1.97 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average price is $1.17 and its 200-day moving average price is $1.41.

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.