Techprecision (NASDAQ:TPCS) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Techprecision Corp. (NASDAQ:TPCS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.09 and traded as high as $4.97. Techprecision shares last traded at $4.90, with a volume of 255,004 shares traded.

Analyst Upgrades and Downgrades

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

Techprecision Stock Performance

The firm’s 50-day simple moving average is $3.92 and its 200-day simple moving average is $4.09. The company has a market capitalization of $49.10 million, a price-to-earnings ratio of -28.82 and a beta of 0.46.

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 for the quarter.

Hedge Funds Weigh In On Techprecision

Large investors have recently added to or reduced their stakes in the company. Diversify Wealth Management LLC acquired a new position in Techprecision in the 1st quarter valued at approximately $106,000. NewEdge Advisors LLC increased its position in shares of Techprecision by 112.6% during the fourth quarter. NewEdge Advisors LLC now owns 53,327 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 28,242 shares during the period. Rothschild Wealth LLC bought a new stake in shares of Techprecision during the fourth quarter valued at approximately $559,000. Jane Street Group LLC acquired a new position in shares of Techprecision in the fourth quarter valued at $64,000. Finally, Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 4,071 shares in the last quarter. Institutional investors and hedge funds own 15.52% of the company’s stock.

Techprecision Company Profile

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.