Techprecision (NASDAQ:TPCS) Stock Passes Above 200 Day Moving Average – What’s Next?

Techprecision Corp. (NASDAQ:TPCS) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.25 and traded as high as $4.74. Techprecision shares last traded at $4.51, with a volume of 25,612 shares trading hands.

Analyst Upgrades and Downgrades

TPCS has been the topic of several recent research reports. Wall Street Zen upgraded 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 report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Techprecision currently has an average rating of “Sell”.

Techprecision Price Performance

The business has a 50 day moving average price of $5.24 and a 200 day moving average price of $4.25. The firm has a market capitalization of $44.87 million, a P/E ratio of -23.74 and a beta of 0.14.

Techprecision (NASDAQ:TPCS) last posted its quarterly earnings data on Thursday, August 21st. The industrial products company reported ($0.06) EPS for the quarter. The business had revenue of $7.38 million during the quarter. Techprecision had a negative return on equity of 22.22% and a negative net margin of 5.64%.

Hedge Funds Weigh In On Techprecision

A number of institutional investors have recently made changes to their positions in the business. ARS Investment Partners LLC increased its stake in shares of Techprecision by 9.9% in the second quarter. ARS Investment Partners LLC now owns 312,608 shares of the industrial products company’s stock worth $1,169,000 after purchasing an additional 28,287 shares during the period. Diversify Advisory Services LLC bought a new position in Techprecision during the second quarter valued at about $94,000. NewEdge Advisors LLC increased its stake in Techprecision by 55.2% during the first quarter. NewEdge Advisors LLC now owns 23,658 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 8,412 shares during the period. Finally, Kingsview Wealth Management LLC bought a new position in Techprecision during the second quarter valued at about $42,000. 15.52% of the stock is currently owned by institutional investors.

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.