TechPrecision (NASDAQ:TPCS) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

TechPrecision Co. (NASDAQ:TPCS) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.05 and traded as high as $3.33. TechPrecision shares last traded at $3.23, with a volume of 24,740 shares.

TechPrecision Price Performance

The company’s 50-day moving average is $2.52 and its 200-day moving average is $3.05. The firm has a market capitalization of $31.50 million, a price-to-earnings ratio of -3.55 and a beta of 0.04.

TechPrecision (NASDAQ:TPCS) last announced its quarterly earnings results on Tuesday, April 8th. The industrial products company reported ($0.08) earnings per share for the quarter. The business had revenue of $7.62 million for the quarter. TechPrecision had a negative net margin of 24.25% and a negative return on equity of 86.04%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp lifted its position in TechPrecision by 65.4% during the fourth quarter. Northern Trust Corp now owns 31,264 shares of the industrial products company’s stock valued at $114,000 after buying an additional 12,366 shares in the last quarter. NewEdge Advisors LLC acquired a new position in TechPrecision during the fourth quarter valued at approximately $56,000. Finally, Geode Capital Management LLC lifted its position in TechPrecision by 10.1% during the third quarter. Geode Capital Management LLC now owns 81,956 shares of the industrial products company’s stock valued at $257,000 after buying an additional 7,516 shares in the last quarter. 15.52% of the stock is owned by institutional investors and hedge funds.

About TechPrecision

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.