Techprecision (NASDAQ:TPCS) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Techprecision Corp. (NASDAQ:TPCS) has recently surpassed its 200-day moving average, trading as high as $5.29 and closing at $5.14.
• Wall Street analysts have raised Techprecision's rating to "hold", suggesting cautious optimism about the company's future performance.
• The company reported a negative EPS of ($0.06) for its latest quarter, alongside a revenue of $7.38 million.

Techprecision Corp. (NASDAQ:TPCS - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.75 and traded as high as $5.29. Techprecision shares last traded at $5.14, with a volume of 39,770 shares traded.

Wall Street Analysts Forecast Growth

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

Techprecision Price Performance

The firm's 50 day moving average is $5.01 and its 200 day moving average is $3.75. The company has a market capitalization of $51.16 million, a PE ratio of -27.05 and a beta of 0.19.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of Techprecision by 55.2% in the first quarter. NewEdge Advisors LLC now owns 23,658 shares of the industrial products company's stock worth $54,000 after buying an additional 8,412 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of Techprecision in the second quarter worth $42,000. Northern Trust Corp lifted its stake 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 acquiring an additional 12,366 shares during the period. Diversify Advisory Services LLC purchased a new stake in Techprecision in the second quarter worth $94,000. Finally, ARS Investment Partners LLC lifted its stake 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 acquiring an additional 28,287 shares during the period. 15.52% of the stock is owned by hedge funds and other institutional investors.

About Techprecision

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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