Techprecision (NASDAQ:TPCS) Releases Quarterly Earnings Results

Techprecision (NASDAQ:TPCS) posted its quarterly earnings results on Monday. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. Techprecision had a negative return on equity of 13.31% and a negative net margin of 3.43%.

Techprecision Stock Performance

TPCS stock remained flat at $3.48 during trading on Monday. The company’s stock had a trading volume of 42,588 shares, compared to its average volume of 41,731. The company has a market capitalization of $34.84 million, a price-to-earnings ratio of -29.00 and a beta of 0.46. The firm’s 50 day moving average is $3.85 and its 200 day moving average is $4.11. Techprecision has a 52 week low of $2.88 and a 52 week high of $6.25.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Techprecision

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted 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 valued at $1,723,000 after acquiring an additional 60,364 shares during the last quarter. Rothschild Wealth LLC purchased a new position in shares of Techprecision in the 4th quarter worth approximately $559,000. Geode Capital Management LLC boosted its holdings in shares of Techprecision by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 96,055 shares of the industrial products company’s stock worth $464,000 after purchasing an additional 3,448 shares during the period. NewEdge Advisors LLC increased its position in shares of Techprecision by 112.6% during the 4th quarter. NewEdge Advisors LLC now owns 53,327 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 28,242 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its position 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 purchasing an additional 2,782 shares during the last quarter. 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.