Perritt Capital Management Inc Has $268,000 Stock Position in TechPrecision Co. (NASDAQ:TPCS)

Perritt Capital Management Inc lowered its position in shares of TechPrecision Co. (NASDAQ:TPCS) by 9.1% in the fourth quarter, HoldingsChannel reports. The fund owned 73,551 shares of the industrial products company’s stock after selling 7,401 shares during the period. Perritt Capital Management Inc’s holdings in TechPrecision were worth $268,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC increased its position in TechPrecision by 10.1% in the third quarter. Geode Capital Management LLC now owns 81,956 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 7,516 shares during the period. Institutional investors own 15.52% of the company’s stock.

TechPrecision Trading Up 0.9 %

TechPrecision stock opened at $2.32 on Wednesday. The company has a market cap of $22.42 million, a PE ratio of -2.55 and a beta of 0.18. TechPrecision Co. has a 1 year low of $2.12 and a 1 year high of $5.95. The company’s 50-day moving average is $2.85 and its two-hundred day moving average is $3.24.

TechPrecision (NASDAQ:TPCS) last announced its quarterly earnings data on Tuesday, January 21st. The industrial products company reported ($0.06) earnings per share for the quarter. TechPrecision had a negative net margin of 24.25% and a negative return on equity of 86.04%.

TechPrecision 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.