TechPrecision (NASDAQ:TPCS) Shares Cross Above 200-Day Moving Average – What’s Next?

TechPrecision Co. (NASDAQ:TPCS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.06 and traded as high as $4.40. TechPrecision shares last traded at $4.10, with a volume of 60,501 shares changing hands.

TechPrecision Stock Performance

The stock has a market cap of $39.98 million, a P/E ratio of -4.51 and a beta of 0.04. The stock’s fifty day moving average is $2.67 and its 200 day moving average is $3.06.

TechPrecision (NASDAQ:TPCS) last issued its quarterly earnings results on Tuesday, April 8th. The industrial products company reported ($0.08) EPS for the quarter. The firm had revenue of $7.62 million for the quarter. TechPrecision had a negative net margin of 24.25% and a negative return on equity of 86.04%.

Institutional Trading of TechPrecision

An institutional investor recently raised its position in TechPrecision stock. NewEdge Advisors LLC grew its stake in TechPrecision Co. (NASDAQ:TPCS) by 55.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,658 shares of the industrial products company’s stock after acquiring an additional 8,412 shares during the period. NewEdge Advisors LLC owned 0.24% of TechPrecision worth $54,000 at the end of the most recent reporting period. 15.52% of the stock is currently owned by institutional investors.

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.