TechPrecision (NASDAQ:TPCS) Shares Pass Above 200 Day Moving Average of $5.06

TechPrecision Co. (NASDAQ:TPCS)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.06 and traded as high as $5.07. TechPrecision shares last traded at $5.07, with a volume of 29,704 shares changing hands.

TechPrecision Trading Down 5.2 %

The company has a market cap of $42.23 million, a P/E ratio of -14.15 and a beta of 0.38. The business has a 50 day moving average price of $4.42 and a 200-day moving average price of $5.05.

TechPrecision (NASDAQ:TPCS) last announced its quarterly earnings results on Thursday, February 29th. The industrial products company reported ($0.10) earnings per share for the quarter. TechPrecision had a negative return on equity of 21.25% and a negative net margin of 9.59%. The business had revenue of $7.65 million for the quarter.

Hedge Funds Weigh In On TechPrecision

An institutional investor recently bought a new position in TechPrecision stock. Wynnefield Capital Inc. bought a new position in shares of TechPrecision Co. (NASDAQ:TPCS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 393,857 shares of the industrial products company’s stock, valued at approximately $2,859,000. TechPrecision makes up 1.3% of Wynnefield Capital Inc.’s investment portfolio, making the stock its 11th largest holding. Wynnefield Capital Inc. owned about 4.51% of TechPrecision at the end of the most recent quarter. Institutional investors own 15.52% of the company’s stock.

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.