Tungray Technologies (NASDAQ:TRSG) Stock Price Up 1.4% – Here’s Why

Tungray Technologies Inc. (NASDAQ:TRSG) shares rose 1.4% during mid-day trading on Friday . The stock traded as high as $1.45 and last traded at $1.45. Approximately 2,636 shares were traded during trading, a decline of 16% from the average session volume of 3,126 shares. The stock had previously closed at $1.43.

Analyst Upgrades and Downgrades

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

Tungray Technologies Price Performance

The company’s 50 day moving average is $1.46 and its two-hundred day moving average is $1.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.59 and a current ratio of 1.94.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Tungray Technologies stock. T3 Companies LLC acquired a new stake in shares of Tungray Technologies Inc. (NASDAQ:TRSG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 SEC filing.

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.