Techprecision (NASDAQ:TPCS) Announces Quarterly Earnings Results

Techprecision (NASDAQ:TPCS) issued its quarterly earnings data on Monday. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. Techprecision had a negative net margin of 3.43% and a negative return on equity of 13.31%.

Techprecision Price Performance

Shares of NASDAQ TPCS remained flat at $3.48 during mid-day trading on Monday. 32,305 shares of the stock were exchanged, compared to its average volume of 41,719. The business has a fifty day simple moving average of $3.85 and a 200-day simple moving average of $4.11. The firm has a market cap of $34.84 million, a PE ratio of -29.00 and a beta of 0.46. Techprecision has a 1-year low of $2.88 and a 1-year high of $6.25.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Techprecision in a report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Techprecision

A number of institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Techprecision by 55.2% during the first 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. Jane Street Group LLC purchased a new position in Techprecision in the fourth quarter valued at $64,000. JPMorgan Chase & Co. acquired a new stake in shares of Techprecision during the 3rd quarter worth about $73,000. Dimensional Fund Advisors LP raised its holdings in Techprecision by 29.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 4,071 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in Techprecision in the second quarter valued at $94,000. 15.52% of the stock is owned by hedge funds and other institutional investors.

Techprecision Company Profile

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.