Techprecision (NASDAQ:TPCS) Shares Cross Above 200-Day Moving Average – Time to Sell?

Techprecision Corp. (NASDAQ:TPCS)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.30 and traded as high as $5.54. Techprecision shares last traded at $5.32, with a volume of 22,869 shares.

Wall Street Analysts Forecast Growth

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, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Techprecision Trading Up 0.6%

The firm has a market capitalization of $55.16 million, a PE ratio of -41.88 and a beta of 0.41. The firm’s fifty day moving average price is $5.18 and its 200 day moving average price is $4.31.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Techprecision stock. Potomac Capital Management Inc. bought a new stake in shares of Techprecision Corp. (NASDAQ:TPCS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 249,561 shares of the industrial products company’s stock, valued at approximately $1,205,000. Techprecision makes up about 1.0% of Potomac Capital Management Inc.’s investment portfolio, making the stock its 24th biggest position. Potomac Capital Management Inc. owned approximately 2.49% of Techprecision as of its most recent SEC filing. 15.52% of the stock is owned by institutional investors and hedge funds.

Techprecision Company Profile

TechPrecision Corporation is a U.S.-based manufacturer of precision-fabricated and machined metal components and systems. The company serves customers in the defense, energy and precision industrial markets, producing complex parts and assemblies that require specialized engineering, fabrication and machining capabilities.

Its products and services include precision metal fabrication, machining, welding, assembly and related manufacturing support. TechPrecision has also manufactured large, highly engineered structures and components such as pressure vessels, vacuum chambers and other equipment used in demanding industrial and energy applications.

The company conducts its operations through its manufacturing businesses, including Ranor, Inc TechPrecision primarily serves industrial customers in the United States and focuses on projects requiring close tolerances, advanced materials and compliance with industry-specific quality standards.