Erayak Power Solution Group Inc. (NASDAQ:RAYA – Get Free Report) shares rose 5.7% during mid-day trading on Friday . The company traded as high as $1.26 and last traded at $1.29. Approximately 70,707 shares were traded during mid-day trading, an increase of 129% from the average daily volume of 30,926 shares. The stock had previously closed at $1.22.
Erayak Power Solution Group Price Performance
The firm’s 50-day moving average is $1.28 and its 200-day moving average is $1.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.10 and a quick ratio of 1.41.
About Erayak Power Solution Group
Erayak Power Solution Group Inc, through its subsidiaries, engages in the research and development, manufacture, and wholesale and retail of power solution products. Its product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products.
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