Techprecision (NASDAQ:TPCS) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Techprecision Corp. (NASDAQ:TPCS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.55 and traded as high as $4.61. Techprecision shares last traded at $4.61, with a volume of 785 shares trading hands.

Wall Street Analysts Forecast Growth

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

Techprecision Trading Up 1.3%

The firm has a market cap of $46.15 million, a PE ratio of -92.20 and a beta of 0.07. The business has a fifty day moving average price of $4.81 and a 200 day moving average price of $4.55.

Techprecision (NASDAQ:TPCS) last posted its earnings results on Thursday, November 13th. The industrial products company reported $0.08 earnings per share for the quarter. The firm had revenue of $9.09 million during the quarter. Techprecision had a negative return on equity of 5.37% and a negative net margin of 1.37%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Kingsview Wealth Management LLC acquired a new stake in Techprecision during the 2nd quarter worth $42,000. NewEdge Advisors LLC grew its holdings in shares of Techprecision by 55.2% during 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 last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Techprecision during the third quarter worth about $73,000. Diversify Advisory Services LLC purchased a new stake in shares of Techprecision in the 2nd quarter valued at about $94,000. Finally, Citadel Advisors LLC boosted its position in shares of Techprecision by 29.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,940 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 4,566 shares during the period. Institutional investors and hedge funds 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.