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

Techprecision Corp. (NASDAQ:TPCS) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.78 and traded as high as $5.20. Techprecision shares last traded at $5.01, with a volume of 11,252 shares.

Analyst Ratings Changes

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

Techprecision Stock Performance

The firm has a fifty day moving average price of $4.65 and a 200 day moving average price of $4.78. The firm has a market capitalization of $50.15 million, a price-to-earnings ratio of -100.20 and a beta of 0.05.

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

Hedge Funds Weigh In On Techprecision

A number of large investors have recently made changes to their positions in TPCS. ARS Investment Partners LLC lifted its stake in shares of Techprecision by 9.9% in the second quarter. ARS Investment Partners LLC now owns 312,608 shares of the industrial products company’s stock valued at $1,169,000 after purchasing an additional 28,287 shares during the period. JPMorgan Chase & Co. purchased a new position in Techprecision in the third quarter valued at about $73,000. NewEdge Advisors LLC lifted its position in shares of Techprecision by 47.6% during the 3rd quarter. NewEdge Advisors LLC now owns 25,085 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 8,085 shares during the period. Kingsview Wealth Management LLC lifted its position 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 valued at $113,000 after acquiring an additional 9,860 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of Techprecision by 29.7% during the 3rd quarter. Citadel Advisors LLC now owns 19,940 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 4,566 shares in the last quarter. Hedge funds and other institutional investors 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.