Techprecision (NASDAQ:TPCS) Shares Break Above 200-Day Moving Average – What’s Next?

Techprecision Corp. (NASDAQ:TPCS)’s share price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $4.43 and traded as high as $5.35. Techprecision shares last traded at $5.28, with a volume of 31,900 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Techprecision from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Techprecision Stock Performance

The company’s 50 day moving average price is $5.32 and its 200-day moving average price is $4.43. The company has a market cap of $53.50 million, a PE ratio of -40.61 and a beta of 0.56.

Techprecision (NASDAQ:TPCS) last posted its quarterly earnings data on Thursday, August 13th. The industrial products company reported ($0.02) EPS for the quarter. Techprecision had a negative net margin of 3.66% and a negative return on equity of 15.07%. The firm had revenue of $9.10 million during the quarter.

Institutional Investors Weigh In On Techprecision

A hedge fund recently bought a new position in Techprecision stock. Potomac Capital Management Inc. purchased a new stake in shares of Techprecision Corp. (NASDAQ:TPCS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 249,561 shares of the industrial products company’s stock, valued at approximately $1,205,000. Techprecision accounts for 1.0% of Potomac Capital Management Inc.’s holdings, making the stock its 24th largest position. Potomac Capital Management Inc. owned 2.49% of Techprecision at the end of the most recent reporting period. 15.52% of the stock is owned by institutional investors and hedge funds.

About Techprecision

TechPrecision Corporation is a U.S.-based manufacturer of precision-fabricated and machined metal components and systems. The company serves customers in the defense, energy and precision industrial markets, producing complex parts and assemblies that require specialized engineering, fabrication and machining capabilities.

Its products and services include precision metal fabrication, machining, welding, assembly and related manufacturing support. TechPrecision has also manufactured large, highly engineered structures and components such as pressure vessels, vacuum chambers and other equipment used in demanding industrial and energy applications.

The company conducts its operations through its manufacturing businesses, including Ranor, Inc TechPrecision primarily serves industrial customers in the United States and focuses on projects requiring close tolerances, advanced materials and compliance with industry-specific quality standards.