Techprecision (NASDAQ:TPCS) Stock Passes Above 200 Day Moving Average – What’s Next?

Techprecision Corp. (NASDAQ:TPCS) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.33 and traded as high as $4.71. Techprecision shares last traded at $4.28, with a volume of 43,620 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Techprecision in a research 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 MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Techprecision Price Performance

The business’s 50-day moving average is $5.16 and its 200 day moving average is $4.33. The firm has a market capitalization of $42.60 million, a P/E ratio of -22.53 and a beta of 0.12.

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

Hedge Funds Weigh In On Techprecision

Hedge funds have recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC acquired a new position in Techprecision in the 2nd quarter valued at $42,000. NewEdge Advisors LLC increased 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 worth $54,000 after purchasing an additional 8,412 shares during the period. Diversify Advisory Services LLC acquired a new position in Techprecision in the second quarter valued at about $94,000. Finally, ARS Investment Partners LLC lifted its position in Techprecision by 9.9% during the second quarter. ARS Investment Partners LLC now owns 312,608 shares of the industrial products company’s stock worth $1,169,000 after purchasing an additional 28,287 shares during the period. Institutional investors own 15.52% of the company’s stock.

Techprecision Company Profile

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.