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

TechPrecision Co. (NASDAQ:TPCS) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.50 and traded as high as $3.82. TechPrecision shares last traded at $3.67, with a volume of 73,074 shares traded.

TechPrecision Trading Up 6.4 %

The firm has a market cap of $35.30 million, a price-to-earnings ratio of -4.03 and a beta of 0.19. The firm’s 50-day moving average is $3.55 and its 200-day moving average is $3.50.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC boosted its holdings in TechPrecision Co. (NASDAQ:TPCS) by 10.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,956 shares of the industrial products company’s stock after acquiring an additional 7,516 shares during the quarter. Geode Capital Management LLC owned 0.85% of TechPrecision worth $257,000 at the end of the most recent quarter. 15.52% of the stock is currently 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.