Techprecision (NASDAQ:TPCS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Techprecision Corp. (NASDAQ:TPCS)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.61 and traded as high as $4.84. Techprecision shares last traded at $4.61, with a volume of 49,178 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Techprecision in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Techprecision has a consensus rating of “Sell”.

Techprecision Stock Performance

The company has a 50-day moving average of $4.58 and a 200-day moving average of $4.61. The firm has a market capitalization of $46.16 million, a price-to-earnings ratio of -92.20 and a beta of 0.07.

Techprecision (NASDAQ:TPCS) last announced its quarterly earnings results on Thursday, November 13th. The industrial products company reported $0.08 earnings per share for the quarter. Techprecision had a negative net margin of 1.37% and a negative return on equity of 5.37%. The firm had revenue of $9.09 million for the quarter.

Institutional Trading of Techprecision

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its position in shares of Techprecision by 47.6% during the third quarter. NewEdge Advisors LLC now owns 25,085 shares of the industrial products company’s stock worth $134,000 after buying an additional 8,085 shares during the period. Citadel Advisors LLC lifted its stake in Techprecision by 29.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,940 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 4,566 shares in the last quarter. Diversify Advisory Services LLC boosted its position in Techprecision by 11.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 27,924 shares of the industrial products company’s stock worth $149,000 after acquiring an additional 2,782 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Techprecision by 87.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 21,160 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 9,860 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Techprecision by 22.9% during the 3rd quarter. Vanguard Group Inc. now owns 323,830 shares of the industrial products company’s stock worth $1,723,000 after acquiring an additional 60,364 shares in the last quarter. Institutional investors and hedge funds own 15.52% of the company’s stock.

About Techprecision

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.