Erayak Power Solution Group (NASDAQ:RAYA) Shares Up 2.1% – Still a Buy?

Erayak Power Solution Group Inc. (NASDAQ:RAYAGet Free Report) shot up 2.1% during mid-day trading on Friday . The stock traded as high as $1.48 and last traded at $1.47. 1,626 shares were traded during mid-day trading, a decline of 94% from the average session volume of 27,552 shares. The stock had previously closed at $1.44.

Erayak Power Solution Group Trading Up 2.1%

The company has a current ratio of 2.10, a quick ratio of 1.41 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $1.42 and a 200-day moving average of $1.32.

Erayak Power Solution Group Company Profile

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Erayak Power Solution Group Inc, through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products.

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