Erayak Power Solution Group (NASDAQ:RAYA) Trading Down 12.1% – Time to Sell?

Erayak Power Solution Group Inc. (NASDAQ:RAYAGet Free Report)’s stock price fell 12.1% during mid-day trading on Thursday . The stock traded as low as $1.22 and last traded at $1.23. 54,229 shares were traded during mid-day trading, a decline of 51% from the average session volume of 111,789 shares. The stock had previously closed at $1.40.

Erayak Power Solution Group Stock Down 5.7 %

The company has a 50 day moving average price of $0.94 and a 200-day moving average price of $0.86.

Erayak Power Solution Group Company Profile

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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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