Shares of Techprecision Corp. (NASDAQ:TPCS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.32 and traded as high as $5.68. Techprecision shares last traded at $5.31, with a volume of 43,171 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Techprecision to a "hold" rating in a report on Saturday, August 9th.
Get Our Latest Stock Report on Techprecision
Techprecision Stock Down 5.5%
The business has a fifty day simple moving average of $4.20 and a two-hundred day simple moving average of $3.37. The company has a market cap of $49.19 million, a P/E ratio of -26.47 and a beta of 0.25.
Techprecision (NASDAQ:TPCS - Get Free Report) last posted its earnings results on Thursday, August 21st. The industrial products company reported ($0.06) earnings per share for the quarter. The firm had revenue of $7.38 million during the quarter. Techprecision had a negative net margin of 5.64% and a negative return on equity of 21.98%.
Institutional Trading of Techprecision
A number of hedge funds and other institutional investors have recently bought and sold shares of TPCS. NewEdge Advisors LLC purchased a new stake in Techprecision in the fourth quarter worth about $56,000. Northern Trust Corp increased its position in Techprecision by 65.4% in 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 in the last quarter. Kingsview Wealth Management LLC purchased a new stake in Techprecision in the second quarter worth about $42,000. ARS Investment Partners LLC increased its position in Techprecision by 9.9% in the second quarter. ARS Investment Partners LLC now owns 312,608 shares of the industrial products company's stock worth $1,169,000 after buying an additional 28,287 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Techprecision in the second quarter worth about $94,000. Hedge funds and other institutional investors own 15.52% of the company's stock.
About Techprecision
(
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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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