Tungray Technologies’ (NASDAQ:TRSG – Get Free Report) quiet period will expire on Wednesday, May 29th. 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. During Tungray Technologies’ quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Tungray Technologies Stock Down 7.8 %
Shares of NASDAQ TRSG opened at $4.52 on Friday. Tungray Technologies has a 52 week low of $4.22 and a 52 week high of $11.78.
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