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The latest update is out from Tungray Technologies Inc Class A ( (TRSG) ).
Tungray Technologies Inc, a company incorporated in the Cayman Islands with principal executive offices in Singapore, announced a change in its independent registered public accounting firm on June 9, 2025. The company dismissed Marcum Asia CPAs LLP and appointed Guangdong Prouden CPAs GP as its new auditor. This decision was made after a careful evaluation process and was approved by the company’s audit committee. The change was not due to any disagreements over accounting principles or practices, financial statement disclosures, or auditing scope or procedures. The audit reports from Marcum Asia for the fiscal years 2023 and 2024 were unqualified, and there were no reportable disagreements during this period. However, the company had identified material weaknesses in its internal controls, including a lack of formal risk assessment processes and insufficient accounting staff knowledgeable in U.S. GAAP and SEC requirements.
Spark’s Take on TRSG Stock
According to Spark, TipRanks’ AI Analyst, TRSG is a Neutral.
Tungray Technologies Inc Class A is financially stable with strong revenue growth and a healthy profit margin, although cash flow management requires improvement. Technical analysis suggests a neutral to slightly bearish outlook. Valuation analysis is limited due to missing data, and the earnings call did not provide additional insights. Overall, the stock presents moderate investment appeal with opportunities for improvement in operational and cash flow efficiency.
To see Spark’s full report on TRSG stock, click here.
More about Tungray Technologies Inc Class A
Average Trading Volume: 73,775
Technical Sentiment Signal: Strong Sell
For detailed information about TRSG stock, go to TipRanks’ Stock Analysis page.