Techprecision (NASDAQ:TPCS) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Techprecision Corp. (NASDAQ:TPCS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.13 and traded as high as $4.63. Techprecision shares last traded at $4.58, with a volume of 19,860 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Techprecision in a research report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Techprecision Stock Up 0.2%

The stock has a fifty day moving average of $4.15 and a two-hundred day moving average of $4.13. The stock has a market cap of $45.89 million, a price-to-earnings ratio of -26.94 and a beta of 0.41.

Techprecision (NASDAQ:TPCS) last announced its quarterly earnings data on Monday, June 22nd. The industrial products company reported ($0.04) EPS for the quarter. Techprecision had a negative net margin of 5.26% and a negative return on equity of 20.19%. The company had revenue of $8.09 million during the quarter.

Institutional Investors Weigh In On Techprecision

Institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in Techprecision by 55.2% during the first quarter. NewEdge Advisors LLC now owns 23,658 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 8,412 shares during the last quarter. Jane Street Group LLC acquired a new stake in Techprecision in the fourth quarter valued at $64,000. JPMorgan Chase & Co. acquired a new stake in Techprecision in the third quarter valued at $73,000. Dimensional Fund Advisors LP increased its position in shares of Techprecision by 29.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock valued at $86,000 after buying an additional 4,071 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in shares of Techprecision in the second quarter valued at $94,000. 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.