Techprecision Corp. (NASDAQ:TPCS - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.48 and traded as high as $5.77. Techprecision shares last traded at $5.51, with a volume of 50,002 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Techprecision to a "hold" rating in a research report on Saturday, August 9th.
View Our Latest Report on Techprecision
Techprecision Stock Down 2.1%
The business has a fifty day moving average of $4.55 and a 200 day moving average of $3.51. The firm has a market cap of $52.14 million, a P/E ratio of -27.58 and a beta of 0.19.
Techprecision (NASDAQ:TPCS - Get Free Report) last released its earnings results on Thursday, August 21st. The industrial products company reported ($0.06) EPS for the quarter. Techprecision had a negative net margin of 5.64% and a negative return on equity of 22.22%. The firm had revenue of $7.38 million during the quarter.
Hedge Funds Weigh In On Techprecision
Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its position in Techprecision by 55.2% during the first quarter. NewEdge Advisors LLC now owns 23,658 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 8,412 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Techprecision in the second quarter valued at approximately $42,000. Northern Trust Corp lifted its position in shares of Techprecision by 65.4% in the fourth quarter. Northern Trust Corp now owns 31,264 shares of the industrial products company's stock valued at $114,000 after buying an additional 12,366 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Techprecision in the second quarter valued at approximately $94,000. Finally, ARS Investment Partners LLC lifted its position 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 buying an additional 28,287 shares during the last quarter. 15.52% of the stock is owned by institutional investors.
Techprecision Company Profile
(
Get Free Report)
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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