TechPrecision (NASDAQ:TPCS) Releases Earnings Results

TechPrecision (NASDAQ:TPCS) released its quarterly earnings data on Tuesday. The industrial products company reported ($0.08) earnings per share for the quarter, Zacks reports. TechPrecision had a negative return on equity of 86.04% and a negative net margin of 24.25%.

TechPrecision Stock Performance

Shares of TPCS traded up $0.04 during mid-day trading on Tuesday, reaching $2.18. 131,209 shares of the company’s stock traded hands, compared to its average volume of 29,101. The business’s 50-day moving average price is $2.77 and its 200-day moving average price is $3.21. The stock has a market capitalization of $21.07 million, a P/E ratio of -2.40 and a beta of 0.13. TechPrecision has a 12 month low of $2.05 and a 12 month high of $5.95.

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.