Techprecision (NASDAQ:TPCS) Announces Quarterly Earnings Results

Techprecision (NASDAQ:TPCSGet Free Report) released its earnings results on Thursday. The industrial products company reported ($0.02) earnings per share for the quarter, FiscalAI reports. Techprecision had a negative net margin of 5.26% and a negative return on equity of 20.19%. The firm had revenue of $9.10 million during the quarter.

Techprecision Stock Up 0.4%

NASDAQ:TPCS traded up $0.02 during trading hours on Thursday, reaching $4.84. 78,458 shares of the stock were exchanged, compared to its average volume of 43,442. The business has a 50-day moving average of $4.40 and a two-hundred day moving average of $4.09. Techprecision has a twelve month low of $2.88 and a twelve month high of $5.82. The company has a market capitalization of $48.52 million, a price-to-earnings ratio of -28.47 and a beta of 0.41.

Institutional Investors Weigh In On Techprecision

A number of institutional investors have recently modified their holdings of TPCS. Diversify Wealth Management LLC acquired a new position in Techprecision during the 1st quarter worth about $106,000. NewEdge Advisors LLC grew its position in Techprecision by 112.6% in the 4th quarter. NewEdge Advisors LLC now owns 53,327 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 28,242 shares in the last quarter. Rothschild Wealth LLC purchased a new stake in Techprecision during the fourth quarter worth about $559,000. Jane Street Group LLC purchased a new stake in Techprecision during the fourth quarter worth about $64,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Techprecision by 29.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 4,071 shares in the last quarter. 15.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Techprecision in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Read Our Latest Report on Techprecision

Techprecision Company Profile

(Get Free Report)

TechPrecision, Inc (NASDAQ:TPCS) specializes in the design, engineering and manufacture of high-precision automated machinery and turnkey production solutions. The company’s core offerings include assembly, test and inspection equipment, servo-electric press systems and custom packaging machines tailored for industries with stringent quality and regulatory requirements. TechPrecision’s products support medical device, pharmaceutical, consumer goods and industrial applications, delivering end-to-end services from concept development and prototyping to full-scale production and after-market support.

Founded in 1987 and headquartered in Fredericksburg, Virginia, TechPrecision operates two primary manufacturing facilities: its U.S.

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Earnings History for Techprecision (NASDAQ:TPCS)

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