TechPrecision Corp (NASDAQ: TPCSD) stock closed at $3.69 on 6/27/24 after a major increase of 11.5%. However, this advance was accompanied by exceptionally low trading volume at 29% of normal. The stock has risen 2.5% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be below the cost of capital, TPCSD is expected to continue to be a modest Value Eraser.
TechPrecision has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TechPrecision has a very low Appreciation Score of 14 and a very low Power Rating of 5, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive 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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