Techprecision (NASDAQ:TPCS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Techprecision Corp. (NASDAQ:TPCS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.52 and traded as high as $4.73. Techprecision shares last traded at $4.53, with a volume of 22,293 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TPCS. Wall Street Zen upgraded shares of Techprecision to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Techprecision in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Techprecision Price Performance

The company has a fifty day moving average price of $4.90 and a two-hundred day moving average price of $4.52. The company has a market capitalization of $45.36 million, a P/E ratio of -23.84 and a beta of 0.12.

Techprecision (NASDAQ:TPCS) last issued its quarterly earnings data on Thursday, November 13th. The industrial products company reported $0.08 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 $9.09 million during the quarter.

Institutional Trading of Techprecision

Several institutional investors have recently modified their holdings of the business. Kingsview Wealth Management LLC acquired a new stake in Techprecision in the second quarter valued at $42,000. NewEdge Advisors LLC grew its position in shares of Techprecision by 55.2% in the 1st quarter. NewEdge Advisors LLC now owns 23,658 shares of the industrial products company’s stock valued at $54,000 after buying an additional 8,412 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Techprecision in the third quarter valued at about $73,000. Diversify Advisory Services LLC bought a new position in shares of Techprecision during the second quarter worth about $94,000. Finally, Citadel Advisors LLC raised its position in shares of Techprecision by 29.7% during the third quarter. Citadel Advisors LLC now owns 19,940 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 4,566 shares during the last quarter. Institutional investors 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.