NewEdge Advisors LLC Acquires Shares of 15,246 TechPrecision Co. (NASDAQ:TPCS)

NewEdge Advisors LLC bought a new position in shares of TechPrecision Co. (NASDAQ:TPCS) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 15,246 shares of the industrial products company’s stock, valued at approximately $56,000.

Separately, Geode Capital Management LLC boosted its position in shares of TechPrecision by 10.1% in the third quarter. Geode Capital Management LLC now owns 81,956 shares of the industrial products company’s stock valued at $257,000 after acquiring an additional 7,516 shares during the period. 15.52% of the stock is currently owned by institutional investors and hedge funds.

TechPrecision Stock Up 11.7 %

Shares of NASDAQ:TPCS opened at $2.87 on Friday. The firm has a market cap of $27.99 million, a PE ratio of -3.15 and a beta of 0.13. TechPrecision Co. has a 12-month low of $2.05 and a 12-month high of $5.01. The company’s 50 day moving average price is $2.49 and its two-hundred day moving average price is $3.09.

TechPrecision (NASDAQ:TPCS) last announced its quarterly earnings data on Tuesday, April 8th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter. TechPrecision had a negative return on equity of 86.04% and a negative net margin of 24.25%. The firm had revenue of $7.62 million for the quarter.

TechPrecision Company Profile

TechPrecision Corporation, together with its subsidiaries, manufactures and sells precision, fabricated, and machined metal structural components and systems in the United States. The company operates through two segments, Ranor and Stadco. It provides custom components for ships, submarines, military helicopters, aerospace equipment, components for nuclear power plants, and components for medical systems.