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Erayak Power Solution Group (NASDAQ:RAYA) Shares Down 1.2% - Here's What Happened

Erayak Power Solution Group logo with Computer and Technology background

Shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA - Get Free Report) traded down 1.2% on Monday . The stock traded as low as $1.77 and last traded at $2.50. 2,124,618 shares traded hands during trading, an increase of 2,558% from the average session volume of 79,939 shares. The stock had previously closed at $2.53.

Erayak Power Solution Group Trading Down 4.5%

The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 0.15. The firm has a 50-day simple moving average of $2.00 and a two-hundred day simple moving average of $1.57.

About Erayak Power Solution Group

(Get Free Report)

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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