Techprecision (NASDAQ:TPCS) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Techprecision Corp. (NASDAQ:TPCS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.18 and traded as high as $5.89. Techprecision shares last traded at $5.68, with a volume of 24,920 shares traded.

Analysts Set New Price Targets

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

Techprecision Stock Performance

The stock has a market cap of $57.37 million, a P/E ratio of -43.69 and a beta of 0.41. The stock’s fifty day simple moving average is $4.91 and its 200-day simple moving average is $4.18.

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

Institutional Investors Weigh In On Techprecision

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Techprecision by 55.2% in the first quarter. NewEdge Advisors LLC now owns 23,658 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 8,412 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Techprecision in the 4th quarter valued at $64,000. JPMorgan Chase & Co. bought a new position in shares of Techprecision in the 3rd quarter valued at $73,000. Dimensional Fund Advisors LP raised its holdings in shares of Techprecision by 29.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock worth $86,000 after buying an additional 4,071 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in shares of Techprecision during the 2nd quarter worth $94,000. Institutional investors own 15.52% of the company’s stock.

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.