Techprecision (NASDAQ:TPCS) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Techprecision Corp. (NASDAQ:TPCS) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.78 and traded as high as $5.20. Techprecision shares last traded at $5.01, with a volume of 11,252 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Techprecision in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Techprecision Stock Down 0.8%

The firm has a 50 day moving average of $4.65 and a 200 day moving average of $4.79. The firm has a market cap of $50.15 million, a PE ratio of -100.20 and a beta of 0.05.

Techprecision (NASDAQ:TPCS) last issued its quarterly earnings results on Thursday, November 13th. The industrial products company reported $0.08 EPS for the quarter. Techprecision had a negative return on equity of 5.37% and a negative net margin of 1.37%.The firm had revenue of $9.09 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Techprecision by 22.9% during the 3rd quarter. Vanguard Group Inc. now owns 323,830 shares of the industrial products company’s stock valued at $1,723,000 after buying an additional 60,364 shares in the last quarter. ARS Investment Partners LLC grew its stake in Techprecision by 9.9% during 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 acquiring an additional 28,287 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in Techprecision in the 2nd quarter worth approximately $94,000. JPMorgan Chase & Co. bought a new position in Techprecision in the 3rd quarter valued at $73,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Techprecision during the 2nd quarter valued at $42,000. Institutional investors own 15.52% of the company’s stock.

About Techprecision

TechPrecision, Inc (NASDAQ:TPCS) specializes in the design, engineering and manufacture of high-precision automated machinery and turnkey production solutions. The company’s core offerings include assembly, test and inspection equipment, servo-electric press systems and custom packaging machines tailored for industries with stringent quality and regulatory requirements. TechPrecision’s products support medical device, pharmaceutical, consumer goods and industrial applications, delivering end-to-end services from concept development and prototyping to full-scale production and after-market support.

Founded in 1987 and headquartered in Fredericksburg, Virginia, TechPrecision operates two primary manufacturing facilities: its U.S.