Tungray Technologies (NASDAQ:TRSG) Trading 5.5% Higher – Still a Buy?

Shares of Tungray Technologies Inc. (NASDAQ:TRSG) traded up 5.5% during mid-day trading on Friday . The stock traded as high as $1.4559 and last traded at $1.4559. 2,445 shares changed hands during trading, a decline of 31% from the average session volume of 3,544 shares. The stock had previously closed at $1.38.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Tungray Technologies in a research note on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tungray Technologies currently has a consensus rating of “Sell”.

Tungray Technologies Stock Up 5.5%

The company has a current ratio of 1.94, a quick ratio of 1.59 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of $1.50 and a two-hundred day moving average price of $1.31.

Tungray Technologies (NASDAQ:TRSG) last announced its quarterly earnings results on Thursday, April 23rd. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $4.09 million for the quarter.

Institutional Investors Weigh In On Tungray Technologies

An institutional investor recently bought a new position in Tungray Technologies stock. T3 Companies LLC acquired a new position in Tungray Technologies Inc. (NASDAQ:TRSG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 499,122 shares of the company’s stock, valued at approximately $557,000. T3 Companies LLC owned about 3.05% of Tungray Technologies as of its most recent SEC filing.

Tungray Technologies Company Profile

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.