Tungray Technologies Inc.’s (NASDAQ:TRSG) Lock-Up Period Will End on October 16th

Tungray Technologies’ (NASDAQ:TRSG) lock-up period is set to end on Wednesday, October 16th. Tungray Technologies had issued 1,250,000 shares in its public offering on April 19th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. After the end of Tungray Technologies’ lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Tungray Technologies Stock Performance

Shares of TRSG opened at $2.51 on Friday. Tungray Technologies has a fifty-two week low of $2.06 and a fifty-two week high of $11.78. The company has a fifty day moving average of $2.73.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tungray Technologies stock. PFG Investments LLC acquired a new position in Tungray Technologies Inc. (NASDAQ:TRSG) during the second quarter, according to its most recent 13F filing with the SEC. The firm 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 reporting period.

About Tungray Technologies

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.