Techprecision (NASDAQ:TPCS) Stock Passes Above 200 Day Moving Average – Should You Sell?

Techprecision Corp. (NASDAQ:TPCS)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.85 and traded as high as $4.94. Techprecision shares last traded at $4.83, with a volume of 14,967 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Techprecision in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Techprecision Stock Performance

The stock has a 50-day simple moving average of $4.69 and a two-hundred day simple moving average of $4.85. The firm has a market cap of $48.35 million, a PE ratio of -96.60 and a beta of 0.05.

Techprecision (NASDAQ:TPCS) last released its quarterly earnings data 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 net margin of 1.37% and a negative return on equity of 5.37%.

Hedge Funds Weigh In On Techprecision

A number of institutional investors and hedge funds have recently modified their holdings of the company. Kingsview Wealth Management LLC bought a new stake in shares of Techprecision in the second quarter worth $42,000. JPMorgan Chase & Co. bought a new stake in shares of Techprecision during the 3rd quarter valued at about $73,000. Citadel Advisors LLC increased its position in shares of Techprecision by 29.7% during 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 last quarter. NewEdge Advisors LLC lifted its stake 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 worth $54,000 after purchasing an additional 8,412 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in shares of Techprecision in the 2nd quarter worth approximately $94,000. 15.52% of the stock is currently owned by hedge funds and other institutional investors.

Techprecision Company Profile

TechPrecision, Inc (NASDAQ:TPCS) specializes in the design, engineering and manufacture of high-precision automated machinery and turnkey production solutions. The company’s core offerings include assembly, test and inspection equipment, servo-electric press systems and custom packaging machines tailored for industries with stringent quality and regulatory requirements. TechPrecision’s products support medical device, pharmaceutical, consumer goods and industrial applications, delivering end-to-end services from concept development and prototyping to full-scale production and after-market support.

Founded in 1987 and headquartered in Fredericksburg, Virginia, TechPrecision operates two primary manufacturing facilities: its U.S.