Techprecision (NASDAQ:TPCS) Announces Quarterly Earnings Results

Techprecision (NASDAQ:TPCS) issued its earnings results on Monday. The industrial products company reported ($0.04) earnings per share for the quarter, Zacks reports. Techprecision had a negative net margin of 3.43% and a negative return on equity of 13.31%.

Techprecision Price Performance

Shares of TPCS remained flat at $3.48 during midday trading on Monday. The stock had a trading volume of 32,305 shares, compared to its average volume of 41,719. Techprecision has a 12-month low of $2.88 and a 12-month high of $6.25. The company’s 50-day moving average is $3.85 and its two-hundred day moving average is $4.11. The firm has a market cap of $34.84 million, a PE ratio of -29.00 and a beta of 0.46.

Institutional Trading of Techprecision

A number of institutional investors have recently bought and sold shares of TPCS. Jane Street Group LLC acquired a new position in Techprecision during the 4th quarter valued at approximately $64,000. JPMorgan Chase & Co. purchased a new position in shares of Techprecision in the third quarter worth $73,000. Dimensional Fund Advisors LP lifted its stake in shares of Techprecision by 29.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock worth $86,000 after buying an additional 4,071 shares during the period. Citadel Advisors LLC lifted its stake in shares of Techprecision by 29.7% during the third quarter. Citadel Advisors LLC now owns 19,940 shares of the industrial products company’s stock worth $106,000 after buying an additional 4,566 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Techprecision by 55.2% during the first quarter. NewEdge Advisors LLC now owns 23,658 shares of the industrial products company’s stock valued at $54,000 after buying an additional 8,412 shares during the last quarter. 15.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Techprecision in a report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Techprecision has an average rating of “Sell”.

About Techprecision

TechPrecision, Inc (NASDAQ:TPCS) specializes in the design, engineering and manufacture of high-precision automated machinery and turnkey production solutions. The company’s core offerings include assembly, test and inspection equipment, servo-electric press systems and custom packaging machines tailored for industries with stringent quality and regulatory requirements. TechPrecision’s products support medical device, pharmaceutical, consumer goods and industrial applications, delivering end-to-end services from concept development and prototyping to full-scale production and after-market support.

Founded in 1987 and headquartered in Fredericksburg, Virginia, TechPrecision operates two primary manufacturing facilities: its U.S.