Techprecision (NASDAQ:TPCS) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Techprecision Corp. (NASDAQ:TPCS)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.42 and traded as high as $5.00. Techprecision shares last traded at $4.72, with a volume of 279,520 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TPCS. Wall Street Zen raised Techprecision to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Techprecision in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Techprecision Stock Up 5.4%

The business’s fifty day moving average is $5.06 and its two-hundred day moving average is $4.42. The firm has a market cap of $46.98 million, a price-to-earnings ratio of -24.84 and a beta of 0.12.

Techprecision (NASDAQ:TPCS) last posted its quarterly earnings data on Thursday, November 13th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $9.09 million for the quarter. Techprecision had a negative return on equity of 22.22% and a negative net margin of 5.64%.

Institutional Trading of Techprecision

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC acquired a new position in Techprecision during the 2nd quarter valued at about $42,000. JPMorgan Chase & Co. bought a new stake in shares of Techprecision during the third quarter worth approximately $73,000. NewEdge Advisors LLC lifted its holdings 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 buying an additional 8,412 shares during the period. Diversify Advisory Services LLC bought a new position in Techprecision in the second quarter valued at approximately $94,000. Finally, ARS Investment Partners LLC grew its holdings in Techprecision by 9.9% during the 2nd quarter. ARS Investment Partners LLC now owns 312,608 shares of the industrial products company’s stock worth $1,169,000 after acquiring an additional 28,287 shares during the period. 15.52% of the stock is owned by institutional investors.

Techprecision Company Profile

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.