Techprecision (NASDAQ:TPCS) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Techprecision Corp. (NASDAQ:TPCS)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.23 and traded as high as $5.85. Techprecision shares last traded at $5.79, with a volume of 13,152 shares changing hands.

Analysts Set New Price Targets

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

Techprecision Trading Down 1.9%

The firm has a market capitalization of $57.35 million, a P/E ratio of -43.54 and a beta of 0.41. The firm has a 50 day moving average price of $5.12 and a 200-day moving average price of $4.24.

Techprecision (NASDAQ:TPCS) last released 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 company had revenue of $9.10 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. 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. Jane Street Group LLC purchased a new position in shares of Techprecision during the 4th quarter worth about $64,000. JPMorgan Chase & Co. bought a new position in Techprecision during the 3rd quarter valued at about $73,000. Dimensional Fund Advisors LP grew its holdings in Techprecision by 29.6% during the 4th 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 last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Techprecision in the 2nd quarter worth about $94,000. Institutional investors 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.