TechPrecision (NASDAQ:TPCS) Stock Crosses Above 200 Day Moving Average – Here’s Why

TechPrecision Co. (NASDAQ:TPCS)’s stock price 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 Price Performance

The company’s 50-day simple moving average is $3.56 and its 200 day simple moving average is $3.50. The stock has a market capitalization of $35.30 million, a price-to-earnings ratio of -4.03 and a beta of 0.19.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC increased its position in shares of TechPrecision Co. (NASDAQ:TPCS) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period. 15.52% of the stock is currently owned by 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.