Tungray Technologies (NASDAQ:TRSG) Stock Price Down 2.4% – Should You Sell?

Tungray Technologies Inc. (NASDAQ:TRSG) fell 2.4% on Monday. The company traded as low as $1.0658 and last traded at $1.1390. Approximately 4,090 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 66,360 shares. The stock had previously closed at $1.1672.

Analysts Set New Price Targets

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

Tungray Technologies Price Performance

The stock’s 50 day simple moving average is $1.34 and its two-hundred day simple moving average is $1.38.

About Tungray Technologies

Tungray Technologies Limited is a Singapore-based industrial technology company that provides customized equipment, automation solutions and contract manufacturing services. Through its operating subsidiaries, the company supports customers that require specialized engineering, fabrication and production capabilities.

Its offerings include the design and manufacture of industrial equipment and precision-engineered components, as well as related assembly and manufacturing services. Tungray’s solutions are intended for applications in industries such as semiconductors, electronics, automotive and medical devices, where customers often require equipment and components tailored to specific production processes.

The company serves customers in Singapore and other international markets, including markets in Asia.