ARS Investment Partners LLC Has $1.17 Million Position in Techprecision Corp. $TPCS

ARS Investment Partners LLC grew its position in shares of Techprecision Corp. (NASDAQ:TPCS) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 312,608 shares of the industrial products company’s stock after purchasing an additional 28,287 shares during the quarter. ARS Investment Partners LLC owned approximately 3.20% of Techprecision worth $1,169,000 as of its most recent SEC filing.

Separately, Kingsview Wealth Management LLC bought a new position in Techprecision in the 2nd quarter valued at approximately $42,000. Institutional investors and hedge funds own 15.52% of the company’s stock.

Techprecision Price Performance

TPCS opened at $4.31 on Wednesday. Techprecision Corp. has a 1 year low of $2.05 and a 1 year high of $6.25. The firm’s fifty day moving average price is $5.02 and its two-hundred day moving average price is $4.47. The company has a market capitalization of $42.90 million, a price-to-earnings ratio of -22.68 and a beta of 0.12.

Techprecision (NASDAQ:TPCS) last posted its earnings results on Thursday, November 13th. The industrial products company reported $0.08 EPS for the quarter. The firm had revenue of $9.09 million for the quarter. Techprecision had a negative net margin of 5.64% and a negative return on equity of 22.22%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TPCS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Techprecision in a report on Wednesday, October 8th. Wall Street Zen raised Techprecision to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.