Techprecision Corp. (NASDAQ:TPCS) Stock Short Interest Report for October

by · The Markets Daily

Techprecision Corp. (NASDAQ:TPCS – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 9,196 shares, a decline of 41.2% from the September 30th total of 15,634 shares. Based on an average trading volume of 26,097 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Techprecision Price Performance

TPCS traded up $0.06 on Monday, reaching $5.41. 1,731 shares of the stock were exchanged, compared to its average volume of 42,120. The company’s 50-day moving average price is $5.48 and its 200 day moving average price is $4.52. Techprecision has a fifty-two week low of $2.88 and a fifty-two week high of $6.31. The firm has a market capitalization of $54.79 million, a PE ratio of -41.60 and a beta of 0.57.

Techprecision (NASDAQ:TPCS – Get Free Report) last announced its quarterly earnings data 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 during the quarter.

Wall Street Analyst Weigh In

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

Read Our Latest Report on Techprecision

Hedge Funds Weigh In On Techprecision

An institutional investor recently bought a new stake in Techprecision stock. Diversify Wealth Management LLC acquired a new stake in shares of Techprecision Corp. (NASDAQ:TPCS – Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 35,288 shares of the industrial products company’s stock, valued at approximately $106,000. Diversify Wealth Management LLC owned 0.35% of Techprecision at the end of the most recent quarter. Institutional investors and hedge funds own 15.52% of the company’s stock.

About Techprecision

(Get Free Report)

TechPrecision, Inc (NASDAQ:TPCS) is a precision manufacturing company that produces complex metal components, assemblies and systems for customers in highly engineered industries. Its capabilities include precision machining, metal fabrication, welding, forming and the production of large, intricate structures made to customer specifications.

The company serves markets that require specialized manufacturing and stringent quality standards, including defense, energy, aerospace, medical and other precision industrial applications.

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