Tungray Technologies Inc.’s (NASDAQ:TRSG) Lock-Up Period Set To Expire on October 16th

Tungray Technologies’ (NASDAQ:TRSG) lock-up period will expire on Wednesday, October 16th. Tungray Technologies had issued 1,250,000 shares in its IPO on April 19th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Tungray Technologies Trading Up 3.6 %

Shares of TRSG opened at $2.59 on Wednesday. The firm’s fifty day moving average price is $2.74. Tungray Technologies has a 12 month low of $2.06 and a 12 month high of $11.78.

Hedge Funds Weigh In On Tungray Technologies

An institutional investor recently bought a new position in Tungray Technologies stock. PFG Investments LLC acquired a new stake in shares of Tungray Technologies Inc. (NASDAQ:TRSG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,000 shares of the company’s stock, valued at approximately $135,000. PFG Investments LLC owned 0.22% of Tungray Technologies at the end of the most recent quarter.

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.