TechPrecision (NASDAQ:TPCS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

TechPrecision Co. (NASDAQ:TPCS) 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 traded.

TechPrecision Stock Down 5.7 %

The stock has a market cap of $33.47 million, a P/E ratio of -3.82 and a beta of 0.19. The firm has a 50 day simple moving average of $3.54 and a 200-day simple moving average of $3.51.

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% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,956 shares of the industrial products company’s stock after purchasing an additional 7,516 shares during the quarter. Geode Capital Management LLC owned approximately 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.