TechPrecision (NASDAQ:TPCS) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

TechPrecision Co. (NASDAQ:TPCS) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.51 and traded as high as $3.80. TechPrecision shares last traded at $3.48, with a volume of 23,068 shares trading hands.

TechPrecision Stock Performance

The stock has a market cap of $33.47 million, a price-to-earnings ratio of -3.82 and a beta of 0.19. The company’s 50 day simple moving average is $3.54 and its two-hundred day simple moving average is $3.51.

Institutional Trading of TechPrecision

A hedge fund recently raised its stake in TechPrecision stock. Geode Capital Management LLC raised its position in shares of TechPrecision Co. (NASDAQ:TPCS) by 10.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,956 shares of the industrial products company’s stock after purchasing an additional 7,516 shares during the period. Geode Capital Management LLC owned 0.85% of TechPrecision worth $257,000 as of its most recent SEC filing. Institutional investors and hedge funds own 15.52% of the company’s stock.

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.