Techprecision Corp. (NASDAQ:TPCS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.97 and traded as high as $5.57. Techprecision shares last traded at $5.57, with a volume of 9,062 shares.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Techprecision to a "hold" rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Techprecision in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell".
Check Out Our Latest Stock Report on Techprecision
Techprecision Trading Up 0.7%
The company has a market capitalization of $55.42 million, a price-to-earnings ratio of -29.32 and a beta of 0.14. The firm's 50 day simple moving average is $5.38 and its 200-day simple moving average is $3.97.
Techprecision (NASDAQ:TPCS - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The industrial products company reported ($0.06) earnings per share (EPS) 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 22.22%.
Hedge Funds Weigh In On Techprecision
Institutional investors and hedge funds have recently made changes to their positions in the stock. Kingsview Wealth Management LLC acquired a new position in shares of Techprecision during the 2nd quarter worth $42,000. NewEdge Advisors LLC grew its stake in shares of Techprecision by 55.2% during 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. Diversify Advisory Services LLC acquired a new position in shares of Techprecision during the 2nd quarter worth $94,000. Finally, ARS Investment Partners LLC grew its stake in Techprecision by 9.9% in the 2nd 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 last quarter. 15.52% of the stock is owned by institutional investors and hedge funds.
About Techprecision
(
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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