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

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 trading hands.

TechPrecision Stock Down 5.7 %

The business’s 50 day simple moving average is $3.54 and its 200 day simple moving average is $3.51. The company has a market capitalization of $33.47 million, a PE ratio of -3.82 and a beta of 0.19.

Hedge Funds Weigh In On TechPrecision

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC increased its holdings in shares of TechPrecision Co. (NASDAQ:TPCS) by 10.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,956 shares of the industrial products company’s stock after buying an additional 7,516 shares during the quarter. Geode Capital Management LLC owned 0.85% of TechPrecision worth $257,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.