Techprecision (NASDAQ:TPCS) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Techprecision Corp. (NASDAQ:TPCS)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.13 and traded as high as $5.82. Techprecision shares last traded at $5.80, with a volume of 19,890 shares.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Techprecision from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Techprecision Stock Performance

The firm has a market cap of $57.47 million, a price-to-earnings ratio of -43.77 and a beta of 0.41. The business’s 50 day moving average price is $4.69 and its 200 day moving average price is $4.14.

Techprecision (NASDAQ:TPCS) last posted its earnings results on Thursday, August 13th. The industrial products company reported ($0.02) earnings per share for the quarter. Techprecision had a negative net margin of 3.66% and a negative return on equity of 15.07%. The firm had revenue of $9.10 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Potomac Capital Management Inc. acquired a new stake in shares of Techprecision during the 4th quarter valued at about $1,205,000. NewEdge Advisors LLC raised its holdings in 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. Jane Street Group LLC purchased a new position in Techprecision during the fourth quarter worth approximately $64,000. JPMorgan Chase & Co. purchased a new position in Techprecision during the third quarter worth approximately $73,000. Finally, Dimensional Fund Advisors LP grew its holdings in Techprecision by 29.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 4,071 shares during the period. Institutional investors and hedge funds own 15.52% of the company’s stock.

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.