Techprecision (NASDAQ:TPCS) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Techprecision Corp. (NASDAQ:TPCS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.09 and traded as high as $4.97. Techprecision shares last traded at $4.90, with a volume of 255,004 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Techprecision in a report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Techprecision Price Performance

The firm has a market capitalization of $52.53 million, a price-to-earnings ratio of -30.82 and a beta of 0.46. The business’s fifty day moving average is $3.96 and its 200 day moving average is $4.10.

Techprecision (NASDAQ:TPCS) last announced its earnings results on Monday, June 22nd. The industrial products company reported ($0.04) earnings per share for the quarter. The company had revenue of $8.09 million during the quarter. Techprecision had a negative return on equity of 20.19% and a negative net margin of 5.26%.

Hedge Funds Weigh In On Techprecision

A number of large investors have recently bought and sold shares of TPCS. Vanguard Group Inc. raised its holdings in shares of Techprecision by 22.9% in the third quarter. Vanguard Group Inc. now owns 323,830 shares of the industrial products company’s stock valued at $1,723,000 after purchasing an additional 60,364 shares during the last quarter. ARS Investment Partners LLC boosted its holdings in Techprecision by 0.7% during the fourth quarter. ARS Investment Partners LLC now owns 314,908 shares of the industrial products company’s stock worth $1,521,000 after purchasing an additional 2,300 shares during the last quarter. Potomac Capital Management Inc. bought a new position in Techprecision in the fourth quarter valued at $1,205,000. Rothschild Wealth LLC bought a new position in Techprecision in the fourth quarter valued at $559,000. Finally, Geode Capital Management LLC grew its holdings in shares of Techprecision by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 96,055 shares of the industrial products company’s stock valued at $464,000 after acquiring an additional 3,448 shares in the last quarter. Institutional investors and hedge funds own 15.52% of the company’s stock.

About Techprecision

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.