Techprecision (NASDAQ:TPCS) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Techprecision Corp. (NASDAQ:TPCS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.13 and traded as high as $5.09. Techprecision shares last traded at $4.85, with a volume of 16,340 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Techprecision in a report on Wednesday, October 8th. Wall Street Zen raised shares of Techprecision to a “hold” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Techprecision Price Performance

The company’s fifty day moving average is $5.31 and its 200-day moving average is $4.13. The stock has a market cap of $48.26 million, a PE ratio of -25.53 and a beta of 0.14.

Techprecision (NASDAQ:TPCS) last released its quarterly earnings data on Thursday, August 21st. The industrial products company reported ($0.06) earnings per share for the quarter. Techprecision had a negative net margin of 5.64% and a negative return on equity of 22.22%. The firm had revenue of $7.38 million during the quarter.

Institutional Trading of Techprecision

Institutional investors have recently modified their holdings of the stock. Kingsview Wealth Management LLC acquired a new stake in shares of Techprecision in the second quarter valued at about $42,000. NewEdge Advisors LLC grew its position in shares of Techprecision by 55.2% in the first quarter. NewEdge Advisors LLC now owns 23,658 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 8,412 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of Techprecision in the second quarter valued at about $94,000. Finally, ARS Investment Partners LLC grew its position in shares of Techprecision by 9.9% in the second quarter. ARS Investment Partners LLC now owns 312,608 shares of the industrial products company’s stock valued at $1,169,000 after purchasing an additional 28,287 shares during the period. Institutional investors and hedge funds own 15.52% of the company’s stock.

About Techprecision

TechPrecision Corporation, together with its subsidiaries, manufactures and sells precision, fabricated, and machined metal structural components and systems in the United States. The company operates through two segments, Ranor and Stadco. It provides custom components for ships, submarines, military helicopters, aerospace equipment, components for nuclear power plants, and components for medical systems.