TechPrecision (NASDAQ:TPCS) Stock Passes Above 200 Day Moving Average – Here’s What Happened

TechPrecision Co. (NASDAQ:TPCS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

TechPrecision Stock Performance

The firm has a market capitalization of $35.30 million, a P/E ratio of -4.03 and a beta of 0.19. The firm has a 50 day simple moving average of $3.55 and a two-hundred day simple moving average of $3.50.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC raised its position in TechPrecision Co. (NASDAQ:TPCS) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,956 shares of the industrial products company’s stock after buying 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 filing with the SEC. 15.52% of the stock is currently owned by hedge funds and other institutional investors.

TechPrecision Company Profile

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.