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

Tungray Technologies’ (NASDAQ:TRSG) lock-up period is set to expire on Wednesday, October 16th. Tungray Technologies had issued 1,250,000 shares in its initial 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 the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Tungray Technologies Price Performance

Shares of NASDAQ:TRSG opened at $2.53 on Wednesday. Tungray Technologies has a 52-week low of $2.06 and a 52-week high of $11.78. The business has a 50-day moving average price of $2.70.

Institutional Trading of Tungray Technologies

An institutional investor recently bought a new position in Tungray Technologies stock. PFG Investments LLC acquired a new stake in Tungray Technologies Inc. (NASDAQ:TRSG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 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.