Tungray Technologies (NASDAQ:TRSG) Shares Down 2.8% – What’s Next?

Tungray Technologies Inc. (NASDAQ:TRSG)’s share price dropped 2.8% during trading on Wednesday . The company traded as low as $1.0201 and last traded at $1.05. Approximately 3,568 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 3,315 shares. The stock had previously closed at $1.0799.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Tungray Technologies Price Performance

The stock’s 50-day moving average price is $1.14 and its 200-day moving average price is $1.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.97 and a current ratio of 2.26.

Hedge Funds Weigh In On Tungray Technologies

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

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.