Techprecision (NASDAQ:TPCS) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Techprecision Corp. (NASDAQ:TPCS)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.13 and traded as high as $4.63. Techprecision shares last traded at $4.58, with a volume of 19,860 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Techprecision in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Techprecision has an average rating of “Sell”.

Techprecision Stock Up 0.2%

The firm has a market capitalization of $45.89 million, a PE ratio of -26.94 and a beta of 0.41. The business has a 50-day moving average price of $4.15 and a 200-day moving average price of $4.13.

Techprecision (NASDAQ:TPCS) last announced its quarterly earnings data on Monday, June 22nd. The industrial products company reported ($0.04) EPS for the quarter. The company had revenue of $8.09 million for the quarter. Techprecision had a negative return on equity of 20.19% and a negative net margin of 5.26%.

Institutional Investors Weigh In On Techprecision

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TPCS. NewEdge Advisors LLC lifted its holdings 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 acquiring an additional 8,412 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Techprecision in the 2nd quarter valued at approximately $94,000. JPMorgan Chase & Co. acquired a new stake in Techprecision in the third quarter valued at $73,000. Vanguard Group Inc. raised its position in shares of Techprecision by 22.9% during the 3rd quarter. Vanguard Group Inc. now owns 323,830 shares of the industrial products company’s stock worth $1,723,000 after acquiring an additional 60,364 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in 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 purchasing an additional 4,566 shares in the last quarter. Hedge funds and other institutional investors own 15.52% of the company’s stock.

About Techprecision

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.