Techprecision (NASDAQ:TPCS) Share Price Crosses Above 200-Day Moving Average – Here’s Why

by · The Cerbat Gem

Techprecision Corp. (NASDAQ:TPCS – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $4.64 and traded as high as $5.37. Techprecision shares last traded at $5.37, with a volume of 15,021 shares trading hands.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on TPCS

Techprecision Stock Performance

The company’s fifty day moving average is $5.54 and its two-hundred day moving average is $4.65. The firm has a market cap of $53.18 million, a price-to-earnings ratio of -40.38 and a beta of 0.56.

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

Hedge Funds Weigh In On Techprecision

An institutional investor recently bought a new position in Techprecision stock. Diversify Wealth Management LLC purchased a new stake in Techprecision Corp. (NASDAQ:TPCS – Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 35,288 shares of the industrial products company’s stock, valued at approximately $106,000. Diversify Wealth Management LLC owned about 0.35% of Techprecision at the end of the most recent quarter. 15.52% of the stock is owned by institutional investors and hedge funds.

About Techprecision

(Get Free Report)

TechPrecision Corporation is a manufacturing company that produces complex, precision-engineered metal components and fabricated systems. Its capabilities include precision machining, heavy fabrication, welding, assembly, engineering support, and inspection for products that often require demanding specifications and quality standards.

The company serves customers in industries such as nuclear energy, defense, aerospace, medical equipment, and other specialized industrial markets. Its products include large and heavy-wall fabricated components, pressure vessels, structural assemblies, and other custom-engineered parts used in critical equipment and infrastructure.

TechPrecision operates through manufacturing facilities and subsidiaries, including Ranor, Inc, and focuses primarily on serving industrial and government-related customers in the United States.

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