Tungray Technologies (NASDAQ:TRSG) Stock Price Down 14.8% – Here’s Why

Tungray Technologies Inc. (NASDAQ:TRSG) traded down 14.8% during mid-day trading on Friday . The stock traded as low as $1.23 and last traded at $1.44. 128,801 shares traded hands during mid-day trading, an increase of 52% from the average session volume of 84,693 shares. The stock had previously closed at $1.69.

Tungray Technologies Price Performance

The company has a fifty day simple moving average of $1.82 and a 200-day simple moving average of $2.21.

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.