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

Shares of TechPrecision Co. (NASDAQ:TPCS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.12 and traded as high as $3.56. TechPrecision shares last traded at $3.42, with a volume of 59,018 shares changing hands.

TechPrecision Trading Down 6.6%

The stock has a market cap of $33.35 million, a P/E ratio of -3.76 and a beta of 0.22. The stock’s fifty day moving average price is $3.09 and its 200 day moving average price is $3.12.

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

Hedge Funds Weigh In On TechPrecision

A hedge fund recently raised its stake in TechPrecision stock. Northern Trust Corp increased its position in TechPrecision Co. (NASDAQ:TPCS) by 65.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,264 shares of the industrial products company’s stock after purchasing an additional 12,366 shares during the period. Northern Trust Corp owned approximately 0.32% of TechPrecision worth $114,000 at the end of the most recent reporting period. 15.52% of the stock is 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.