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

TechPrecision Co. (NASDAQ:TPCS)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

TechPrecision Stock Performance

The firm’s 50-day moving average is $3.54 and its 200 day moving average is $3.51. The firm has a market capitalization of $33.47 million, a P/E ratio of -3.82 and a beta of 0.19.

Institutional Investors Weigh In On TechPrecision

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC grew its stake in TechPrecision Co. (NASDAQ:TPCS) by 10.1% in the 3rd 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 acquiring an additional 7,516 shares during the period. Geode Capital Management LLC owned 0.85% of TechPrecision worth $257,000 at the end of the most recent quarter. Institutional investors 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.