Potomac Capital Management Inc. Takes $1.21 Million Position in Techprecision Corp. $TPCS

Potomac Capital Management Inc. purchased a new stake in shares of Techprecision Corp. (NASDAQ:TPCS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 249,561 shares of the industrial products company’s stock, valued at approximately $1,205,000. Techprecision makes up approximately 1.0% of Potomac Capital Management Inc.’s portfolio, making the stock its 24th largest position. Potomac Capital Management Inc. owned 2.49% of Techprecision as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. ARS Investment Partners LLC grew its holdings in shares of Techprecision by 0.7% during the 4th quarter. ARS Investment Partners LLC now owns 314,908 shares of the industrial products company’s stock valued at $1,521,000 after acquiring an additional 2,300 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of Techprecision by 11.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 27,924 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 2,782 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Techprecision by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 96,055 shares of the industrial products company’s stock valued at $464,000 after acquiring an additional 3,448 shares in the last quarter. Citadel Advisors LLC grew its holdings 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 acquiring an additional 4,566 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Techprecision by 47.6% during the 3rd quarter. NewEdge Advisors LLC now owns 25,085 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 8,085 shares in the last quarter. 15.52% of the stock is currently owned by hedge funds and other institutional investors.

Techprecision Trading Down 2.9%

Shares of NASDAQ:TPCS opened at $3.63 on Wednesday. The stock has a market capitalization of $36.34 million, a PE ratio of -30.25 and a beta of 0.46. Techprecision Corp. has a 1 year low of $2.88 and a 1 year high of $6.25. The firm has a fifty day moving average price of $3.77 and a 200 day moving average price of $4.17.

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 analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Techprecision currently has an average rating of “Sell”.

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.