TechPrecision Corp (NASDAQ: TPCSD) stock closed at $4.46 on 1/8/24 after a major decline of -14.7%. Moreover, trading volume in this decline was exceptionally high at 495% of normal. The stock has been weak relative to the market over the last nine months and has declined -16.2% during the last week.
Current PriceTarget Research Rating
TPCSD’s future returns on capital are forecasted to fall short of the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.
TechPrecision has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. TechPrecision has a poor Power Rating of 27 and a very low Appreciation Score of 8, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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