Techprecision (NASDAQ:TPCS) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Techprecision Corp. (NASDAQ:TPCS) shares have recently crossed above their 200-day moving average of $3.58, reaching a trading high of $5.49.
• Wall Street Zen has upgraded Techprecision to a “hold” rating, indicating a cautious approach following recent market movements.
• The company reported a loss of $0.06 EPS with a revenue of $7.38 million in its latest quarterly earnings, reflecting challenges in profitability.

Techprecision Corp. (NASDAQ:TPCS - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.58 and traded as high as $5.49. Techprecision shares last traded at $5.48, with a volume of 13,150 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Techprecision to a "hold" rating in a report on Saturday, August 9th.

Techprecision Stock Up 1.1%

The stock's 50 day moving average is $4.69 and its 200-day moving average is $3.58. The company has a market cap of $54.53 million, a PE ratio of -28.84 and a beta of 0.19.

Techprecision (NASDAQ:TPCS - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The industrial products company reported ($0.06) EPS for the quarter. The business had revenue of $7.38 million during the quarter. Techprecision had a negative return on equity of 22.22% and a negative net margin of 5.64%.

Institutional Investors Weigh In On Techprecision

Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its holdings in shares of Techprecision by 55.2% in the 1st 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 period. Kingsview Wealth Management LLC purchased a new position in Techprecision during the second quarter worth $42,000. Northern Trust Corp boosted its stake in Techprecision by 65.4% during the fourth quarter. Northern Trust Corp now owns 31,264 shares of the industrial products company's stock worth $114,000 after buying an additional 12,366 shares during the period. Diversify Advisory Services LLC bought a new position in Techprecision during the second quarter valued at $94,000. Finally, ARS Investment Partners LLC raised 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 acquiring an additional 28,287 shares during the period. 15.52% of the stock is owned by institutional investors.

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.

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